New Cryptocurrency Move from Goldman Sachs for Institutional Investors!

Goldman Sachs has a new cryptocurrency Getting ready to introduce its product.

While many institutional investors seek exposure to cryptocurrencies, they are not easy to track with tools similar to traditional financial systems.

Even though the demand is high, institutional investors may hesitate to step into an industry that they do not understand and have difficulty following.

Thinking that new tools are needed in this regard, Goldman Sachs new data service focusing on cryptocurrencies datonomywill introduce.

According to CNBC’s report, it will be promoted by Goldman Sachs. datonomywill support hundreds of cryptocurrencies with classification and analysis and news so that institutional investors can make sense of the new asset class.

The service, which institutional investors can access by subscribing, will include analysis and research, as well as many comparison and performance metrics. Portfolio management can be done on decentralized finance, metaverse, smart contract platforms or other cryptocurrencies.

It was stated that the famous investment bank will work with global index provider MSCI and crypto data firm Coin Metrics on this issue.

Stating that its customers need to think more about the expanding crypto money ecosystem, the bank said that there is a need for more tools on performance monitoring and risk management of digital assets.