David Solomon stressed that blockchain technology is extremely interesting and is able to eliminate the existing problems of the global financial system. According to the banker, blockchain will help support the global economy through digitalization:
"Bitcoin can become a means of saving for our customers, and in the future the bank will consider creating a bitcoin reserve, similar to gold."
The top manager noted that cryptocurrencies are still speculative investment instruments that do not have significant value in the market. According to David Solomon, the bank's clients do not show any involvement in cryptocurrencies, and one of the reasons for skepticism is the difficulty with a real assessment of the intrinsic value of virtual assets.
Goldman Sachs is engaged in tokenization of classic assets using blockchain, and has created a corresponding platform called GS DAP. Earlier, Mathew McDermott, head of the digital department at Goldman Sachs, said that by the end of 2024, the bank will launch three asset tokenization projects focused on the debt markets of the United States and Europe.