TechFlow news, July 10 — According to Fortune, Matthew McDermott, Goldman Sachs' global head of digital assets, revealed that the firm plans to launch three tokenization initiatives with major clients by year-end, including its first U.S. project. Goldman Sachs is expanding its cryptocurrency services with a focus on tokenization, issuing "real-world assets" such as money market funds and real estate via public or private blockchains. Although internal views on cryptocurrencies remain divided, McDermott said client demand for crypto products has significantly increased this year.
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