Goldman Sachs offers Bitcoin-backed loans

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Goldman Sachs issued the first bitcoin-backed loan. This was reported to Bloomberg by a representative of an investment bank.

The lender was won over by the structure of the transaction and the 24/7 risk management mechanism.

This move marks Goldman Sachs’ full entry into the cryptocurrency market. The deal has been prepared since December 2021. At the time, the media also reported on an investment bank’s interest in synthetic products without the spot option of the first cryptocurrency.

Digital-friendly banks Signature and Silvergate currently offer similar Bitcoin-backed loans.

Recall that in 2021, Goldman Sachs offered its clients to trade futures and options on Bitcoin and Ethereum. The bank has also launched fiat-settled non-deliverable futures contracts based on the first cryptocurrency.

In March 2022, Goldman Sachs and Galaxy Digital made an OTC transaction with an option settled on bitcoin.

In April, a representative of the bank announced the start of experiments in the field of tokenization of real assets and NFTs in relation to financial instruments.

Earlier, an “inter-agency sprint” with the participation of the Fed, FDIC and OCC began, which will continue in 2022. A group of regulators will publish clarifications regarding legally permitted activities for related banks to cryptocurrencies.

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About the author of the article

Natasha Kumar

Natasha Kumar has been a reporter at the news desk since 2018. Prior to that, she wrote about early adolescence and family dynamics for Styles and was a legal affairs correspondent for the Metro bureau. Prior to joining The Times Hub, Natasha Kumar worked as an editor at the Village Voice and as a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To contact me, contact me via my

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