Goldman Sachs is exploring options to spin out its technology platform housed under its digital assets business, a source familiar with the matter said on Monday. The bank's digital assets business, since its inception,

Goldman Sachs has been dabbling in crypto for a while The bank has seen rise in interest around crypto among family businesses Goldman is also looking to resume Bitcoin-backed services

Goldman Sachs Group Inc is speaking with potential partners as it plans to spin out its digital-assets platform into a new company for large financial firms to create, trade and settle financial instruments via blockchain technology.

Goldman Sachs to spin out its digital assets platform within 12--18 months, targeting blockchain and crypto growth.

Goldman Sachs is speaking with potential partners as it plans to spin out its digital-assets platform into a new company for large financial firms to create, trade and settle financial instruments via blockchain technology,

Goldman Sachs' Digital Assets unit developed the GS DAP platform to serve digital capital market participants.

Goldman Sachs' blockchain-based technology platform will become "industry owned" and is expected to be implemented within the next 12 to 18 months. Banks have long shown interest in using blockchain technology for trading assets such as cash and bonds.

The Goldman Sachs Group, Inc. GS announced its intention to explore strategic opportunities to spin out its wholly-owned technology platform, GS DAP, which is designed to meet the complex requirements of participants in digital capital markets.

Goldman Sachs is setting the stage to spin out its cryptocurrency platform into a separate entity dedicated to creating and trading financial instruments on blockchain networks, as reported by Bloomberg on November 18.