Goldman Sachs Brings Bitcoin to Private Wealth Clients

Goldman is looking to eventually offer a “full spectrum” of digital asset investment vehicles, potentially including physical bitcoin and derivatives.

article-image

Mary Rich, global head of digital assets, Goldman Sachs; Source: Goldman Sachs

share

key takeaways

  • Goldman Sachs plans to offer private wealth management clients digital asset exposure in the second quarter.
  • Mary Rich, the newest global head of digital assets for Goldman’s private wealth management division, told CNBC the news Wednesday.

Goldman Sachs plans to offer bitcoin and other digital currency investment vehicles to private wealth management clients in the second quarter.

Mary Rich, who recently became the global head of digital assets, shared the bank’s plans in a CNBC interview Wednesday. Private wealth clients usually include individuals, families and endowments with at least $25 million to invest.

“We are working closely with teams across the firm to explore ways to offer thoughtful and appropriate access to the ecosystem for private wealth clients, and that is something we expect to offer in the near-term,” Rich told CNBC.

Goldman is looking to eventually offer a “full spectrum” of digital asset investment vehicles, potentially including physical bitcoin and derivatives, Rich said in the interview

Goldman joins Morgan Stanley, which earlier this month became the first major investment bank to offer wealthy clients bitcoin fund exposure, in expanding digital asset offerings to clients. 

Also earlier this month, Goldman joined a slew of other firms vying for US Securities and Exchange Commission approval of a bitcoin-tied exchange-traded product. In addition, Goldman revealed that it will reopen its digital assets trading desk and begin offering bitcoin futures contracts. 

The news comes in the midst of a bitcoin bull rally largely driven by institutional investors. The largest digital currency inched above $58,000 Tuesday following news that Visa has begun settling payments in digital currencies and PayPal allows customers to pay for purchases with their cryptocurrency.

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Research Report Templates.png

Research

Content Delivery Networks (CDNs) represent low-hanging fruit in a massive market ripe for Web3-driven disruption. The global CDN market was valued at ~$28B in 2024, and is projected to surpass $140B by 2034, (18.75% CAGR) underscoring the immense demand for efficient content delivery.

article-image

As Satoshi-era wallets saw over $8 billion worth of BTC on the move, Congress is gearing up for “Crypto Week”

article-image

Bitcoin’s runaway success was partly driven by Slashdot

article-image

Blockworks Research data shows that VC spending is back on the rise after a slow May

article-image

After rejecting a bid from the AI cloud-computing startup last year, Core Scientific agreed to be acquired in a deal expected to close by Q4 2025

article-image

Sponsored

Plume’s collaboration with TRON will unlock cross-chain RWA yield for one of the world’s largest blockchain ecosystems

article-image

Who needs gold when you have taxes?