Goldman Sachs, the second-largest US investment bank, has stated that it will offer Bitcoin and other crypto products to its private wealth clients within the next few months.
In an interview with CNBC, Mary Rich, the recently promoted global head of digital assets for Goldman’s private wealth management division, said that the investment bank expects to start offering Bitcoin exposure to clients of its private wealth management division in the second quarter.
Although the bank has not said which cryptocurrency investments it will start supporting, Rich said that Goldman plans to offer a “full spectrum” of investments in Bitcoin and digital assets, “whether that’s through the physical bitcoin, derivatives or traditional investment vehicles” in the next three months.
In an internal memo announcing the appointment promotion of Rich, the bank said that Rich will “leverage the firm’s capabilities to ensure [it] can meet
