Goldman Sachs may soon release NFTs

April 28, 2022

The American multinational investment bank is exploring Non-Fungible Tokens. The bank sees them as powerful financial instruments.

Goldman Sachs global head of digital assets Mathew McDermott confirmed that the bank is exploring NFTs, particularly “tokenization of real assets.”

"We are actually exploring NFTs in the context of financial instruments,” McDermott announced at the Financial Times Crypto and Digital Assets Summit.

Goldman Sachs is openly embracing cryptocurrencies and metaverse. Earlier, the multinational bank had called metaverse an $8tn opportunity.

The American bank also started offering bitcoin derivatives to its investors last year.

As reported earlier by Coingape, the investment banking giant has expressed interest in working with crypto exchange FTX on an upcoming IPO.

More and more banks are embracing NFTs and metaverse. Earlier, Standard Chartered announced its entry in metaverse by partnering with Sandbox.