• old German bank launches crypto
    A 222-year-old Hamburg-based bank is jumping into crypto headfirst, starting with custody and looking to tokenize assets (Photo: Pixabay)
    Cryptocurrencies

    200-year-old German bank launching crypto services

    No fusty old institution, Donner & Reuschel announced that it will start with crypt custody and purchases and hopes to move into asset tokenization

    March 9, 2021 /

    The reason given by the bank for the launch of the new products is simple: high market demand. “We have been observing the digital assets market for quite some time and are convinced of the potential of blockchain technology with regard to classic securities transactions,” said a spokesperson.

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  • Goldman Sachs institutional demand bitcoin
    Goldman Sachs' Matt McDermott sees "no signs" of institutional interest in Bitcoin abating (Photo: Goldman Sachs)
    Bitcoin,  Cryptocurrencies,  Regulation

    Goldman Sachs sees ‘huge’ institutional demand for Bitcoin

    Fully 40% of the investment banking giant’s nearly 300 institutional customers already have exposure to crypto, said its head of digital assets, Matt McDermott

    March 8, 2021 /

    “We have seen no signs of that abating," said McDermott. "And when we talk about institutional demand, we talk about the whole cross section of the industry sectors... And when I talk about the broad spectrum, I'm referring to hedge funds, to asset managers, to macro funds, to banks, to corporate treasurers, insurance, and pension funds.”

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