Exclusive: Goldman Sachs plans to spend tens of millions of dollars to buy or invest in crypto companies after the collapse of the FTX exchange hit valuations and dampened investor interest
plans to spend tens of millions of dollars to buy or invest in crypto companies after the collapse of the FTX exchange hit valuations and dampened investor interest.
"We do see some really interesting opportunities, priced much more sensibly," McDermott said in an interview last month.dramatic collapse"It's definitely set the market back in terms of sentiment, there's absolutely no doubt of that," McDermott said. "FTX was a poster child in many parts of the ecosystem. But to reiterate, the underlying technology continues to perform.
Goldman has invested in 11 digital asset companies that provide services such as compliance, cryptocurrency data and blockchain management. Goldman Sachs has also together with MSCI and Coin Metrics launched data service datonomy, aimed at classifying digital assets based on how they are used.'TRUSTED' PLAYERS
"What's increased is the number of financial institutions wanting to trade with us," he said. "I suspect a number of them traded with FTX, but I can't say that with cast iron certainty."
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Goldman Sachs to Spend 'Tens of Millions' on Discounted Crypto Investments After FTX Implosion: Report.GoldmanSachs is looking to spend tens of millions of dollars for investments in crypto firms, whose valuations have been hit after the FTX bankruptcy. By egreechee
Read more »
WSJ News Exclusive | FTX Effort to Save Itself Failed on Questionable AssetsFTX tried to save itself by calling in collateral from its Alameda trading arm and showing it to investors as a sign of strength. It didn’t work, because the collateral’s value kept falling.
Read more »
CAF Cos., Goldman Sachs Asset Management for DFW multifamily acquisition - Dallas Business JournalCAF Funds, a subsidiary of CAF Companies, partnered with Urban Investment Group within Goldman Sachs Asset Management to acquire a portfolio of eight multifamily housing communities in Dallas-Fort Worth.
Read more »
Goldman Sachs says this biotech stock can double on treatment against common childhood brain tumorThe firm said positive clinical data in the first quarter could serve as a catalyst for the stock.
Read more »
Goldman Sachs upgrades this global tech giant, saying the stock could rise up to 90%Goldman has identified a new opportunity in electric vehicles and revealed a key stock to play it.
Read more »