The digital assets marketplace is positioned to grow and mature further next year as more commercial applications of the blockchain are brought to market and regulation helps facilitate their use in new investment applications, according to a Goldman Sachs executive.
Mathew McDermott, head of digital assets at Goldman Sachs, told FOX Business in an interview that one of the biggest developments in the digital assets space over the last year was the increasing involvement of traditional financial institutions in the space in the last 12 to 18 months.
He explained that this has occurred amid a growing acceptance that digital assets can “create efficiencies, it can de-risk, it can have a lot of very positive impacts in terms of business model and the way that the businesses kind of operate. And that’s been aided by kind of increased regulatory clarity across the globe.”
McDermott said that digital assets are at a stage where there is a broader acceptance that the technology works,…
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