Goldman Sachs Goes All-In On Crypto And Prediction Market

Core Insights - Institutions are increasingly interested in crypto and prediction markets, with Goldman Sachs significantly enhancing its research and discussions on these technologies, focusing on stablecoins, asset tokenization, and regulated prediction markets [1][2] Group 1: Goldman Sachs' Initiatives - Goldman Sachs is evaluating how crypto technologies can expand and accelerate its core business operations over the long term, with senior leadership actively involved in this assessment [2] - The firm has already tested tokenization by offering tokenized money market funds through its GS DAP platform in collaboration with BNY Mellon, allowing for faster movement and settlement of shares using blockchain technology [4] Group 2: Market Trends and Developments - The tokenized real-world assets (RWA) sector, excluding stablecoins, grew significantly in 2025, reaching between $18 billion and $33 billion, driven by tokenized U.S. Treasuries, private credit, and money market funds [5] - The passage of the GENIUS Act in July 2025 established the first federal regulatory framework for dollar-backed stablecoins, requiring 1:1 reserves and oversight by federal or state regulators, marking a significant regulatory milestone [7]