Goldman Sachs

Goldman Sachs is evaluating how crypto, tokenization and prediction markets could fit into its business and has held talks with prediction market platforms. The move reflects growing institutional interest in new digital-asset use cases and potential revenue streams.

Bitpanda has hired Goldman Sachs, Citigroup and Deutsche Bank to manage a planned Frankfurt listing targeting a roughly $5 billion IPO in 2026. The move signals growing institutionalization of Europe's crypto platforms as they approach public markets.

Goldman Sachs says clearer regulation and growing real-world crypto applications will drive greater institutional involvement beyond trading. The bank highlights compliance frameworks and tokenized assets as key enablers for banks, asset managers, and custodians.

Goldman Sachs upgraded Coinbase to a Buy rating while downgrading Etoro to Neutral, saying it is “cautiously optimistic” about brokers and crypto firms as it looks to 2026. The move highlights divergent views on platform positioning ahead of potential industry shifts.

Goldman Sachs will buy active ETF provider Innovator Capital Management in a cash-and-stock transaction valued at about $2 billion, the firm announced Monday. The move bolsters Goldman’s push into the fast-growing ETF sector and expands its product and distribution capabilities.