Goldman Sachs Allocates "Tens of Millions" for Crypto Investments
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American banking giant Goldman Sachs is willing to put tens of millions of dollars to buy or invest in crypto businesses as valuations of many companies shrank due to the collapse of FTX.

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Mathew McDermott, Head of Digital Assets at Goldman Sachs, told Reuters in an interview that the bank is already doing due diligence on a few crypto firms, without naming them.

"We do see some really interesting opportunities, priced much more sensibly," he said.

BlackRock Discloses it Invested $24M in FTX

Although the market has cooled off in terms of sentiment due to FTX's implosion, the underlying technology continues to perform, McDermott noted.

In June, reports said that Goldman Sachs was in talks with FTX about integrating its derivatives business into the crypto exchange. The financial giant reportedly wanted to integrate into FTX its traditional business services such as futures, and act as an "on-ramp to the exchange."

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