One of the major global banks, Goldman Sachs (NYSE:GS), is considering to launch custody service for digital coin-based funds, Bloomberg reported on Monday, quoting sources familiar with the bank’s new initiatives. The Sachs spokesman neither confirmed nor rejected the news, according to Bloomberg.
If Goldman Sachs establishes custody service, it will be a major development in the crypto industry because the bank would hold the securities on behalf of the funds, which will reduce the risk for clients seeking to protect themselves against the threat of losing their investments to rogue attacks.
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