Goldman Sachs weighs entry into the crypto market.

One of the world’s largest investment banks, Goldman Sachs, is studying the possibility of launching a custodial service for digital assets. CoinDesk reports, citing a source familiar with the matter.

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According to the source, the financial conglomerate issued a request for information (RFI), which, in late 2020, was sent to at least one prominent player in crypto custody space.

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“Like JPMorgan, we issued an RFI concerning digital custody. We are studying the matter broadly and deciding what to do next,” the insider said.

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He noted that the initiative is part of “a broad digital strategy”, and cited a recent decision by the Office of the Comptroller of the Currency (OCC) regarding stablecoins.

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In terms of timing for launching crypto-related services, the publication’s source said that the bank’s plans will become apparent in the near future.

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Earlier, Goldman Sachs permitted the issuance of its own stablecoin.

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