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Hedge funds and different purchasers started receiving the reviews Thursday by way of the funding financial institution’s Marquee digital platform, in accordance with an e-mail obtained by CNBC. The primary report out there to Goldman purchasers was an outline of decentralized finance (DeFi) protocols on the Ethereum community.
“In an effort to supply related digital belongings content material and analysis, GS Digital Belongings is now offering unique entry to pick out reviews from The Block Analysis,” the financial institution mentioned. “Whereas these sometimes require a paid subscription, purchasers can entry them free of charge with a Marquee account.”
The transfer by Goldman, a premier world funding financial institution, is an indication of elevated demand from giant traders for info and evaluation about cryptocurrencies and associated fields like DeFi. Bank of America and Morgan Stanley have every introduced new crypto research desks this yr, whereas Goldman revamped its digital assets division final yr and started trading bitcoin-linked devices in Might.
A Goldman spokesperson confirmed the authenticity of the shopper e-mail and declined to remark additional.
The funding financial institution has mentioned that its Marquee platform, which permits purchasers to entry information and analytics with out utilizing conventional strategies like calling salespeople, has 50,000 lively month-to-month customers.
The dizzying ascent of bitcoin and different cryptocurrencies lately has been accompanied by the rise of latest information retailers like The Block and CoinDesk and expanded hiring by established retailers together with Bloomberg Information.
“Massive monetary establishments and expertise firms have leveraged The Block’s suite of analysis and information companies to extra deeply perceive the fast-growing marketplace for digital belongings for a while now,” The Block CEO Michael McCaffrey mentioned in an e-mail.