Goldman Sachs Says It’s Open to Adding Staff to Digital Assets Team: Bloomberg

The investment bank’s tokenization platform was used by Hong Kong to sell digital bonds last week.

AccessTimeIconFeb 28, 2023 at 7:29 p.m. UTC
Updated May 9, 2023 at 4:09 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Investment bank Goldman Sachs said it’s open to hiring additional workers in its digital asset group, according to a report from Bloomberg.

The team’s global head, Mathew McDermott, told Bloomberg the bank is “hugely supportive” of blockchain applications, and that the roughly 70-person group would hire “as appropriate” in 2023.

Last week, Hong Kong used Goldman’s private tokenization platform, GS DAP, to sell an initial group of digital green bonds. The city-state sold $102 million of the bonds and cut settlement time from five days after the trade to just one, according to Bloomberg.

The digital assets group’s hiring orientation is notable given that Goldman initiated a large round of layoffs last month, cutting roughly 3,200 employees. The crypto industry has also been awash in layoffs over the last year.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.

Nelson Wang

Nelson Wang was CoinDesk's news editor for the East Coast. He holds BTC and ETH above CoinDesk's disclosure threshold of $1,000.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.