BIG BANKS = BIG ADOPTION

U.S. banking oligarch Goldman Sachs has issued a request for information (RFI) to explore digital asset custody, according to a source inside the bank. For those who don’t know, an RFI is primarily used to gather information to help make a decision on what steps to take next.
When asked about their timing, the Goldman source said the bank’s custody plans are going to be “evident soon.”

Goldman’s digital asset custody RFI was circulated to at least one of the well known crypto custody player near the end 2020.
“Like JPMorgan, we have issued an RFI looking at digital custody. We are broadly exploring digital custody and deciding what the next step is,” said the Goldman source, who asked to be anonymous. (An RFI on crypto custody was issued by JPMorgan in October 2020, as reported by “The Block.”) https://www.theblockcrypto.com/daily/82334/jpmorgan-digital-asset-custody-subcustody
The Goldman source stated that the bank’s digital assets initiative was “part of a broad digital strategy,” citing stablecoins in relation to recent missives from the U.S. Office of the Comptroller of the Currency (OCC).
https://www.coindesk.com/occ-banks-stablecoin-payments

A major shift took place in the world of crypto custody this week, as San Francisco based Anchorage attained conditional approval from the OCC to become a national digital bank and “unequivocally” meet the definition of “qualified custodian” in it’s process.
Anchorage President Diogo Mónica stated in a interview “this regulatory approval will invite many large and risk averse institutional players into crypto.”
When asked about JPMorgan, Citi and Goldman…the three major U.S. banks most are watching in relation to crypto custody – Mónica said: “We are talking to all these guys.” There has been tons of talks about

Goldman possibly offering something akin to prime brokerage services including crypto. However, the Goldman source said the bank is looking at custody but not prime brokerage.
“Anchorage, Coinbase and BitGo have pretty massive plans in crypto prime brokerage and we wouldn’t be looking to duplicate those,” said the Goldman source. With statements like these it’s clear that the crypto space is grabbing huge traction within the institutional space. I’m aware this has been a narrative for a few years now, but it’s getting close and close to it being an actual reality and playing a role within our economic system.