Goldman Sachs may start offering Bitcoin and other digital asset investments to its private wealth-management clients, stated a report by CNBC on Wednesday. The multi-national investment Bank could start offering the investment vehicles by the 2nd Quarter. Mary Rich, the global head of digital assets, diclosed this information.
“We are working closely with teams across the firm to explore ways to offer thoughtful and appropriate access to the ecosystem for private wealth clients. Which is something we expect to offer in the near-term,” Rich told CNBC in an interview this week.
“The bank is exploring a range of investments in digital assets, right from physically-backed bitcoin, derivatives, or traditional investment vehicles,” she added.
Goldman Sachs is considering other akin investing ways
Goldman’s private wealth management business caters to clients holding a minimum of $25 million in investment capacity. According to Mary Rich, some clients are turning to Bitcoin as a hedge against inflation in the last 12 months.