Goldman names new head of digital assets in bet that blockchain is the future of financial markets

3 months ago 51

Great article. The dinosaurs are waking up! 🦕

Powerful quote here: “In the next five to 10 years, you could see a financial system where all assets and liabilities are native to a blockchain, with all transactions natively happening on chain,” McDermott said in an interview. “So what you’re doing today in the physical world, you just do digitally, creating huge efficiencies. And that can be debt issuances, securitization, loan origination; essentially you’ll have a digital financial markets ecosystem, the options are pretty vast”

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