US financial giant and investment bank Goldman Sachs has approved the first bitcoin-backed loan.
According to the news of Bloomberg on April 28, banking giant Goldman Sachs gave its first bitcoin-backed loan by taking bitcoin collateral in exchange for cash.
Goldman Sachs, which has a dedicated digital asset team, Over-the-counter (OTC) crypto trading with crypto investment firm Galaxy Digital was stated to have done.
Goldman Sachs Becomes First Major US Bank to Perform OTC Transactions
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Recently, many traditional finance giants are turning to cryptocurrencies.
Last month, when Cowen announced the launch of a digital asset unit, $10 trillion worth of assets containing BlackRockthe developer company of stablecoin USDC, Circle 400 million dollars funding round had attended.
In addition, on April 28, investment giant Apollo Global Management, announced that it has hired a digital asset strategist.