Goldman Sachs is pushing deeper into digital assets by bringing tokenized U.S. Treasuries and money market fund shares into 24/7 trading, according to Mathew McDermott, the firm’s global head of digital assets, speaking at TOKEN2049 in Dubai.
As institutional demand grows for on-chain financial products, Goldman aims to bridge traditional finance and blockchain by integrating established collateral with decentralized infrastructure.
The firm plans to roll out three tokenization projects this year, including its first U.S.-based fund tokenization and a euro-denominated digital bond.
This move follows the surge in tokenized money market funds, which have already surpassed $1 billion in assets under management. Analysts at McKinsey estimate the sector could grow to $2 trillion by 2030.
Meanwhile, tokenized Treasuries have crossed the $5 billion threshold, led by BlackRock’s BUIDL fund.
By enabling continuous, blockchain-based settlement, Goldman Sachs hopes to unlock new liquidity pathways and make traditional assets compatible with the speed and flexibility of Web3 infrastructure.
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Source: https://coindoo.com/goldman-sachs-targets-24-7-trading-with-tokenized-treasuries-and-funds/