As Crypto Slumps, Goldman Sachs Aims for a Wall Street Built on Blockchain

Wall Street’s largest banks have largely prevented investing instantly in cryptocurrencies. However many are quietly working to combine blockchain, the know-how behind crypto, into buying and selling and different companies.

Goldman Sachs Group Inc. is already buying and selling some bonds and different debt securities for shoppers on blockchain-based networks resembling Ethereum, and the financial institution is constructing its personal blockchain-based buying and selling platform. JPMorgan Chase & Co. already has a platform in place, known as Onyx.