How Big Banks Are Quietly Preparing for a Crypto Takeover

"Goldman Sachs announced its intention to spin out GSAD within the next 12 to 18 months"

"We're about to find out how they really feel about that are we going to see Banks flooding the market with crypto products and services or are they just going to keep shunning crypto in favor of Their Own Private permissioned blockchains that nobody uses"

"SAB 121 is now reportedly a top candidate for The Chopping Block in 2025 and if it is repealed it will most likely be replaced by rules that make it commercially viable for banks to custody crypto"

"Banks could offer spot trading for crypto directly to retail and institutional clients as they already do for stocks and commodities"

"We agree that the potential benefits of mass tokenization are so great that it's almost an inevitability"

"This kind of convergence between big Banks and crypto would only need to happen on a small scale for RWA adjacent cryptos and the smart contract blockchains that they exist on to see massive inflows of capital"

"Goldman says that the goal is for this platform to be owned by a new entity although how this will make dap industry owned remains to be seen"

"Banks would no longer be confined to crypto derivatives which do not require custody of the underlying assets they could offer spot trading for crypto directly to retail and institutional clients as they already do for stocks and commodities"