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Goldman names new head of digital assets in bet on blockchain

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Goldman Sachs is renewing its push into Wall Street’s digital future.

The firm made Mathew McDermott, a managing director who ran the investment bank’s internal funding operations, its new global head of digital assets last month, CNBC has learned exclusively.

The appointment means the newest face of blockchain and cryptocurrency on Wall Street isn’t a starry-eyed bitcoin evangelist or ostentatious start-up founder, but a 46-year-old veteran of old-school financing markets. McDermott replaces Justin Schmidt, an MIT-educated former crypto trader and quant who ran Goldman’s digital assets team since 2018.

McDermott, who is based in London, does have a radical vision for markets, however: a…



Source cnbc.com

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