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 (2).png

Research

We’re bullish on the PUMP token. We believe Pump.fun's brand strength, existing integrations, product roadmap, and strategic levers justify PUMP's TGE valuation, and expect the token to re-rate meaningfully higher in the months ahead.

article-image

Big blockers wasted a bitcoin fortune trying to prove a point

article-image

Coinbase’s newest acquisition includes the CEO and Head of Research from Opyn

article-image

Crypto’s highest purpose might be to make markets better by making them bigger

article-image

The non-profit’s “Project Open” seeks to let stocks trade directly on Solana

article-image

The acquisition is Pump.fun’s first, and comes just days before its planned ICO

article-image

As Trump’s tariff war reignites, everyone is assuming the dollar will continue its path lower. But the journey might be bumpy