Goldman Sachs looking to spin out its digital assets platform


FILE PHOTO: The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. REUTERS/Andrew Kelly/File Photo

(Reuters) -Goldman Sachs is exploring options to spin out its technology platform housed under its digital assets business, the Wall Street bank said on Monday.

Plans for the new company are in the early stages, but Goldman aims to execute the spin-out within the next 12 to 18 months, Mathew McDermott, the bank's global head of digital assets, said, according to a Bloomberg News report.

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