Goldman Sachs enlisted Justin Schmidt, a former trader, to be the first head of digital asset markets from the organization’s securities division. Schmidt began his character Monday, April 16.
“In response to client interest in various digital products, we are exploring how best to serve them in the space,” Goldman Sachs spokeswoman Tiffany Galvin-Cohen said in a statement.
Schmidt was senior vice president at qualitative trading business Seven Eight Capital, and a quant trader in a proprietary business, among other jobs, predicated to his linkedin profile.
Goldman Sachs is becoming more seriously interested in finding means for its clients to invest in cryptocurrencies.
The Wall Street giant enlisted Justin Schmidt, a former dealer, to be the first head of digital asset markets in Goldman’s securities department. Schmidt began his character on Monday, April 16.
“In response to client interest in various digital products, we are exploring how best to serve them in the space,” Goldman Sachs spokeswoman Tiffany Galvin-Cohen said in a statement.
“At this point, we have not reached a conclusion on the scope of our digital asset offering,” she said.
Tearsheet, a finance industry news site, first recorded the headlines earlier Monday.
Goldman was clearly one of a couple major finance institutions to get started clearing out the CME and Cboe bitcoin futures for clients as soon as the derivatives products launched in December.
Schmidt was previously senior vice president at qualitative trading company Seven Eight Capital, and a trader in a business, among other purposes, according to his linkedin profile. His account site lists “Crypto” as his existing role.
