Daily Futures Market Update: Goldman Sachs will launch three tokenization projects by the end of the year

Bitget2024/07/12 05:09

By:Bitget

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Goldman Sachs to Launch Three Tokenization Projects by Year's End

Goldman Sachs, led by its digital assets chief Mathew McDermott, is planning to launch three tokenization projects by the end of the year, amid growing client interest in digital assets. These projects will involve issuing real-world assets, such as money market funds and real estate, on blockchains. One of these tokenization projects will be in the U.S., and another will focus on debt issuance in Europe.

The bank aims to create products that meet investor demand and recently hosted a digital assets summit in London, attended by over 500 clients. McDermott emphasized the importance of developing products that truly benefit investors.

Goldman Sachs is taking a different approach compared to BlackRock and Franklin Templeton, focusing more on institutional clients and private blockchains due to regulatory constraints. The bank has been active in the crypto market, participating in ETF offerings and trading cash-settled crypto derivatives.

Tokenization is central to Goldman Sachs' strategy, with previous projects including a bond issuance with the European Investment Bank and a sovereign green bond for the Hong Kong Monetary Authority. The bank also launched the Goldman Sachs Digital Asset Platform to facilitate asset tokenization.

With potential regulatory changes on the horizon due to the upcoming U.S. presidential election, Goldman Sachs sees opportunities to expand its crypto services, including possibly holding spot crypto assets, subject to regulatory approval.

Source: Fortune

Futures Market Updates

In the past 24 hours, BTC futures saw an increase in open interest by 0.73%, with a volume rise of 11.34%. ETH futures, however, experienced a slight decline in open interest by 0.42%, but had a significant volume increase of 21.64%. Both BTC and ETH futures had more long liquidations while their long/short ratios indicate more open short positions.

BTC Futures Updates

Total BTC Open Interest: $28.93B (+0.73%)

BTC Volume (24H): $55.53B (+11.34%)

BTC Liquidations (24H): $27.64M (Long)/$12.38M (Short)

Long/Short Ratio: 48.61%/51.39%

Funding Rate: 0.0019%

Ether Futures Updates

Total ETH Open Interest: $12.59B (-0.42%)

ETH Volume (24H): $24.86B (+21.64%)

ETH Liquidations (24H): $39.25M (Long)/$10.22M (Short)

Long/Short Ratio: 48.79%/51.21%

Funding Rate: 0.0054%

Top 3 OI Surges

OM: $58.13M (+92.11%)

ILV: $9.29M (+87.02%)

ORN: $1.18M (+54.72%)

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

J.P. Morgan expects that by 2027, the shipment share of ASICs/XPUs will reach 54%, surpassing GPUs, with custom chips becoming an important new driver of AI computing power. The five-year TPU agreement between Broadcom and Google covers 2026 to 2031; although supply chain information is not transparent, this does not imply doubts about the orders, and revenue visibility remains strong. During the same period, demand for wafer equipment and storage is also strengthening, supporting the continuation of the semiconductor cycle.

华尔街见闻•2026/09/18 15:46

US stocks' September downturn not over yet? Citadel strategist warns: Downward pressure still exists before month-end, potential turnaround in October

Citadel Securities strategist Rubner stated that as US stocks face the $7 trillion options expiration on "triple witching day" this Friday, there is still room for quantitative strategies to sell off, and the overlap of the stock buyback blackout period and pension fund end-of-quarter rebalancing means bearish forces will prevail before the end of the month. However, with the sharp decline in AI trading mania, combined with seasonal tailwinds in the fourth quarter, earnings season catalysts, and the restart of stock buybacks, he is optimistic about the market outlook for Q4.

华尔街见闻•2026/09/18 15:41