Goldman Brings $100 Billion Treasury Fund to Crypto Institutional Plumbing

Goldman Sachs has brought its $100 billion Treasury fund into the institutional plumbing of crypto. According to CoinDesk, this move marks a significant step in the integration of traditional finance with the digital asset space.

The exact details of the partnership are not yet clear, but it is understood that Goldman's Treasury fund will be working closely with Bullish, a global digital asset platform owned by the same company as CoinDesk. Bullish provides market infrastructure and information services to institutional investors.

This development could have far-reaching implications for the crypto industry, which has long struggled to gain mainstream acceptance from traditional financial institutions. With Goldman's involvement, it may become easier for institutional investors to buy and sell digital assets like Bitcoin (BTC) and others.