Goldman Sachs joins capital-strong investors who keep an eye on the assets of the crypto loan Celsius
Goldman Sachs joins capital-strong investors who keep an eye on the assets of the crypto loan Celsius
- The fundraising campaign follows an increasing number of Goldman forays in digital assets, including the establishment of your own internal trading desk
- It is unclear whether the bank would manage or outsource acquired assets
Goldman Sachs drives his push into crypto technology.
his latest offer: the procurement of around $ 2 billion in order to snap at the matter with the matter, to snap at the matter of the matter.
The procurement of funds - of which one source said that it would probably be via the investment bank's wealth management unit - could buy Celsius assets with a discount, even if the lender does not register. The source said that the $ 2 billion was an estimate at that time and added that such an increase would correspond to the large tickets that the bank would normally need to make an investment that is worthwhile for its wealthy supporters.
A Goldman spokesman was not immediately available for comment. Anonymity was granted to the sources to discuss sensitive business relationships. Coindesk The capital increase first.
The initiative would classify Goldman directly into the growing number of traditional financiers who want to benefit from the purchase of cryptocurrencies and equity as well as from the refinancing of debts of crypto investment companies that are under water as a result of the latest market departure.
It is not clear whether Goldman would monitor the assets acquired or whether the bank would use a third party for custody purposes and trade. It could also sell some on the free market.
The step follows Goldman's recent interest bully advance in crypto, including the establishment of own trading desk and the measurement of the interest of institutional investors in credit products. The strategy was significantly ahead of Celsius.
Celsius, which brought $ 12 billion in May, were about to set up all payments from its platform at the beginning of this month. In the event of insolvency proceedings, customers would be considered unsecured believers - and thus far behind in the list when it comes to regaining their assets.
"Goldman didn't want to buy himself at the top of the market," said a source. "This is rather your style."
The source pulled a parallel between the suffering of the Star shares Gabe Plotkin, which is now closed, Melvin Capital, which received an emergency bar money infusion by Steve Cohens Point72 Asset Management and Ken Griffins Citadel.
Although Melvin was closed after a Kerfuffle in which the company tried to set up a new fund in order to continue to take administrative fees for limited partners, the hedge fund company did not go bankrupt.
whether Celisus does this remains to be seen.
. .
The contribution Goldman Sachs joins in profound investors who keep an eye on the assets of the crypto loan Celsius is not a financial advice.