DeFI News by Thebittimes.Com

The Wall Street financial giant Goldman Sachs says the market is about to see a ‘significant uptick’ in the quantum trading on-chain within the next two years. Goldman Sachs is anticipating a significant uptick in trading volumes of blockchain -based assets within the next few years as demand for distributed ledgers keeps surging. In a recent interview with Reuters, Goldman Sachs’ global head of digital assets, Mathew McDermott, said the New York-headquarter bank sees a “huge appetite” for digital assets, adding that the trend has “grown significantly” since the beginning of 2023. “Probably within the next one to two years you’ll see a big significant uptick in the quantum trading on-chain, probably three to five years to really see these marketplaces at scale.” Mathew McDermott You might also like: Bloomberg analysts estimate spot Bitcoin ETF market to hit $100b However, McDermott adds that there is still a long ...

With the latest move, the U.K. hopes to bolster liquidity in its asset management market. British investment managers have received an approval to develop tokenized funds with the help of blockchain technology as the country seeks to benefit from the global digitization trend. As reported by Reuters, investment managers in the U.K. have been authorized by the Financial Conduct Authority (FCA), the financial services regulator, to start offering tokenized funds, albeit for mainstream assets only. Michelle Scrimgeour, who is the sitting chair of a working group tasked with aligning with the FCA on the matter, told the press that fund tokenization has “great potential to revolutionize how our industry operates, by enabling greater efficiency and liquidity, enhanced risk management and the creation of more bespoke portfolios.” You might also like: UK treasury secretary unveils new law to strengthen digital asset industry The move is expected to help the U.K. to...