Goldman Sachs issued a loan secured by bitcoins
Goldman Sachs issued the first loan backed by bitcoin. The deal has been in preparation since December 2021, and the lender was attracted by the structure of the deal and the 24/7 risk management mechanism.
In March 2022, Goldman Sachs and Galaxy Digital entered into an OTC trade with a settlement option on bitcoin. In April, Goldman Sachs began experimenting with real asset tokenization and NFTs for financial instruments.
Similar Bitcoin-backed loans are currently being offered by digital asset-friendly banks Signature and Silvergate.