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Goldman Sachs Global Head of Digital Asset Team Shares Views on Blockchain

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According to reports, Matthew McDermott, the global head of Goldman Sachs digital asset team, said in an interview that the department was open to strengthenin…

Goldman Sachs Global Head of Digital Asset Team Shares Views on Blockchain

According to reports, Matthew McDermott, the global head of Goldman Sachs digital asset team, said in an interview that the department was open to strengthening staff strength and pointed out the potential of blockchain technology in improving market operation such as private equity. The bank still “very supports” the exploration of blockchain applications.

Person in charge of digital assets of Goldman Sachs: still supports the exploration of blockchain applications and is open to the increase of employees

Interpretation of the news:


In a recent interview, Matthew McDermott, the global head of Goldman Sachs digital asset team, expressed his views regarding the potential of blockchain technology in improving market operations such as private equity. He also mentioned the department’s openness to expanding their staff strength to further support the exploration of blockchain applications.

Goldman Sachs has been among the major financial institutions that have been closely analyzing blockchain technology and its potential uses in the finance sector. As a result, the bank has invested heavily in digital assets, and the digital asset team has been a key player in expanding its presence in the fast-evolving market.

According to Mr. McDermott, the digital asset team is keen on exploring the uses of blockchain technology in the private equity sector. The technology has the potential to revolutionize various aspects of private equity, including settlement and transaction processing, and creating a tamper-proof and transparent ledger that ensures security and enables the seamless transfer of assets.

Mr. McDermott reaffirmed the bank’s commitment to exploring blockchain applications, indicating that the bank still “very supports” the exploration of blockchain applications, which corroborates the strategic importance that the bank attaches to this area.

The comments by Mr. McDermott underscore Goldman Sachs’ growing emphasis on blockchain technology and its potential role in transforming the financial sector. In addition, it highlights the bank’s recognition of the importance of staying competitive and keeping up with emerging trends in the industry.

In conclusion, as blockchain technology continues to evolve, it is clear that financial institutions such as Goldman Sachs will continue to explore its potential and play an important role in driving the adoption of this transformative technology. As a result, expect the demand for blockchain experts to soar, and for organizations to continue investing in teams that can help them leverage the potential of this technology.

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