Goldman Sachs Issued Its First Bitcoin-Backed Loan

in #goldmansachs • 3 years ago

Goldman Sachs Bitcoin.jpg

New-York headquartered international investment bank Goldman Sachs allowed a borrower to get a cash loan by using BTC as collateral.

A release by Bloomberg says the loan was interesting to the institution due to its structure and risk management. This is an essential step by a leading bank that can boost Wall Street's crypto adoption.

Read more on BlockchainToday
Goldman Sachs Issued Its First Bitcoin-Backed Loan

#bitcoin #loans
3 years ago in #goldmansachs by
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