Global investment bank Goldman Sachs offers its first Bitcoin-backed loan
According to Bloomberg, a spokeswoman for the bank explained that the secured lending facility lent cash collateralized by Bitcoin owned by the borrower. She further noted that the deal was interesting to Goldman Sachs because of its structure and 24-hour risk management.
Goldman Sachs has been increasingly friendly to cryptocurrency. In March, the investment bank featured cryptocurrencies, the metaverse, and digitalization on its homepage. The firm sees the metaverse as an $8 trillion opportunity.