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
  • 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 (20).png

Research

The dynamic between Ethena, Pendle and Aave exhibits a mutually-beneficial relationship, where the offerings of each business grows the top lines of every party in this exchange. Pendle sits at the intersection of YBA issuers (Ethena) and money markets (Aave), demonstrating heightened utilization rates of YBAs, where the PTs then exhibit profound utilization as collateral. YBA issuers see Pendle as a premier go-to-market venue, often underwriting incentives for liquidity on the market and solving for Pendle’s supply side, while money markets view PTs as attractive collateral types to lend against, solving for Pendle’s demand side. PTs represent a highly profitable collateral listing for Aave, with depositors maxing out the available borrow capacity. Pendle’s recent launch of Boros may now present the most material growth vector beyond what is currently exhibited on V2 markets, offering the ability to price yield, spreads, and duration risk across various points in time out into the future.

article-image

Ether-focused BitMine Immersion saw its daily trading volumes surge this week

article-image

From Ronin’s classic L2 pivot to Taiko’s based rollup and Puffer’s ultra-low-latency appchain testnet, Ethereum-aligned architectures are multiplying

article-image

The Gemini Wallet and Onchain hub are great for total beginners, but have a lot of room to grow

article-image

Airlines defend their rewards moat, Binance courts favor over breakfast, DAT fees pile up and systematic thinking

article-image

ETF flows slow, REV stagnates, Pump strikes back and Drift punches up