Significant Developments in the Digital Assets Space
In an interview with Fox Business, the Head of Digital Assets at Goldman Sachs, Mathew McDermott, addressed significant developments witnessed in the digital assets space over the past year.
McDermott’s Perspective on Digital Assets
McDermott emphasized that digital assets can create efficiencies, de-risk, and positively impact business models. He noted the increased awareness of the potential benefits of digital assets for traditional financial operations as the reason for the surge in involvement. The global improvement in regulatory clarity has further cultivated an atmosphere favorable to investigation and adoption.
The Possible Future of Digital Assets
Looking ahead, McDermott predicts the emergence of marketplaces as a significant development in the coming year. He anticipates increased adoption, especially among investors on the buy side, driven by establishing secondary liquidity on-chain. Additionally, McDermott predicts a notable improvement in collateral mobility over the next year.
Expectations for 2024
While McDermott predicts significant growth in adoption from the buy side in 2023, he envisions 2024 will witness a focus on more conventional asset classes.
Revolutionizing the Financial Industry
The financial industry is experiencing significant changes as digital assets are increasingly being integrated into traditional institutions’ operations. These changes are expected to revolutionize the industry landscape and lead to promising advancements.
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