In a recent CNBC interview, Goldman Sachs new global head of digital assets Mary Rich, said that the bank should be offering Bitcoin and other cryptocurrencies to its client base.
Goldman’s decision comes after other banks which have also started offering access to crypto investments to their high net worth clientele. It seems that clients’ demands for such offerings have persuadeed banks to seriously look into “keeping” their clients happy.
Recently, Morgan Stanley has also offered access to three digital asset funds to its wealthy clients. Two of the funds are from Galaxy Digital and the third is from FS Investments and NYDIG.
In Singapore, the largest Southeast Asia bank – DBS Bank – has also launched a digital asset exchange which avails to its private banking clientele.
As banks start a bid to keep their wealthy clients happy, the suite of digital asset investment products will grow. It will soon be time for banks to even allocate a new category on their balance sheet – “Digital Assets”.