Goldman Sachs will continue to attract employees to study blockchain – Bits Media

The head of the digital assets department of Goldman Sachs Matthew McDermatot reported, what, Despite the recent large -scale reduction in personnel, The bank is ready to attract specialists to study blockchain.

Matthew McDermatot (Mathew McDermott) told, that last month Goldman Sachs was Forced to fire around 3 200 employees to reduce costs. This has become the largest dismissal since the time of the financial crisis 2008-2009 years. Abbreviations affected the leaders of the highest, middle and junior links in the departments, related to trade and banking operations.

However, the management of the bank still considers it advisable to study the options for using blockchain. Therefore, in 2023 year, the Goldman Sachs digital assets unit will attract specialists for this, If necessary. McDermatot noted, what in 2020 year, the team of this unit consisted of only four people, And today it already has about 70 employees.

In December, the McDermatom said, that after the collapse of the cryptocurrency exchange ftx, The bank sees opportunities for acquiring problematic cryptocurrency companies, faced with a liquidity crisis. Despite the series of bankruptcy of crypto companies last year, Blockchain technology, underlying cryptocurrencies, continues to work. Its potential can be used in different fields, Therefore, Goldman Sachs is quite optimistic to the blockchain.

Recall, that last year Goldman Sachs, together with the HQLAX platform, first performed the lending to securities using blockchain.