Investment bank Goldman Sachs has just launched Ethereum-based non-deliverable forwards (NDF), CoinDesk has reported.
The investment instrument grants institutional investors indirect access to the second largest cryptocurrency by capitalization. London-based company Marex Financial has acted as a trading partner of the investment bank.
The news came out against the backdrop of a significant fall in the cryptocurrency market. Over the past day, Ethereum has fallen by 15.3%.
Goldman Sachs offered in May last year Bitcoin-based NDF customers with traditional currency settlement.
In the spring of 2022, the investment bank issued the first loan secured in the form of the first cryptocurrency. The recipient was Coinbase.