Goldman Sachs’s global head of digital assets said the “vanilla side” of tokenisation is where the investment bank is focusing its scaling efforts. Other industry leaders agreed that solving for the “lowest common denominator” in adoption is vital before the more complex applications of tokenisation can become mainstream.
“We’re focused on scaling the more vanilla side of the market, because that’s where you can already really show that the technology can manage those markets and show the commercial opportunities,” said Mathew McDermott, global head of digital assets at Goldman Sachs, speaking at the Crypto and Digital Assets Summit organised by the Financial Times and The Banker in London on May 9.
