Goldman Sachs says it is exploring the tokenization of real assets

Goldman Sachs stated that it is looking into non-fungible tokens and especially the “tokenization real assets” as part of its deeper dive into the crypto market.

Big names from financial services and other industries are paying attention to the metaverse, where real-world assets such as real estate can be bought and sold as NFTs.

“We are actually looking at NFTs within the context of financial instruments. And the power there is actually quite powerful. So we work on many things,” Mathew McDermott (global head of digital assets at Goldman Sachs), said Wednesday at the Financial Times Crypto and Digital Assets Summit.

The bank has jumped into crypto. It started offering bitcoin derivatives to investors in 2021 and conducted its first over-the-counter crypto trade with the digital-asset financial company Galaxy Digital in March this year.