Goldman Sachs could explore entering crypto market

Goldman Sachs Group Inc. is looking into investing in digital assets, the latest move by a US bank to enter the world of cryptocurrency, reported cryptocurrency news website CoinDesk.

The New York-based bank issued a request for information to at least one crypto custody player at the end of 2020, according to the portal, which cited an unidentified person. Goldman’s initiative was part of a broad digital strategy, CoinDesk said.

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Representatives for Goldman Sachs did not immediately respond to messages seeking comment during weekend hours.

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The possible entrance by Goldman would be the latest in a broader trend to bring digital currency into US banking. Earlier this month, Anchorage Digital Bank became the first cryptocurrency firm to win a charter from the Office of the Comptroller of the Currency.