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Goldman Sachs to launch 3 new tokenization products this year

Goldman Sachs, a leading global investment bank, has announced its intention to introduce three new tokenization products by the end of 2024, according to a recent report. This strategic move underscores the firm’s commitment to expanding its footprint in the digital asset space and leveraging blockchain technology for innovative financial solutions.

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Goldman Sachs, a leading global investment bank, has announced its intention to introduce three new tokenization products by the end of 2024, according to a recent report. This strategic move underscores the firm’s commitment to expanding its footprint in the digital asset space and leveraging blockchain technology for innovative financial solutions.

The new tokenization products are expected to enhance Goldman Sachs’ capabilities in facilitating the issuance and management of digital tokens representing various assets. This initiative aims to capitalize on the growing interest in tokenized assets, which offer enhanced liquidity, efficiency, and transparency compared to traditional financial instruments.

The report highlights Goldman Sachs’ proactive stance in adapting to evolving market trends and investor preferences, particularly in the realm of digital finance. By launching these products, the investment bank seeks to cater to institutional clients’ increasing demand for diversified investment options and innovative financial products.

Tokenization, the process of converting assets into digital tokens on a blockchain, has gained traction for its potential to democratize access to assets and streamline processes across industries. Goldman Sachs’ entry into this space reflects its strategic vision to harness blockchain technology’s transformative potential and position itself as a leader in digital asset innovation.

As regulatory frameworks evolve globally, Goldman Sachs is reportedly working closely with regulators to ensure compliance and uphold market integrity. This collaborative approach underscores the firm’s commitment to responsible innovation and adherence to regulatory standards in the digital asset ecosystem.

With the launch of these new tokenization products anticipated in the coming years, Goldman Sachs aims to reinforce its position at the forefront of digital finance innovation, offering clients sophisticated solutions tailored to the evolving landscape of global finance. The firm’s initiative is poised to contribute to the broader adoption and integration of blockchain technology in traditional financial markets, paving the way for a more inclusive and efficient financial system.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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