Institutional demand is constantly increasing towards the crypto market.

According for sources An insider reported that Goldman Sachs is preparing to enter the crypto market by issuing a Request for Information (RFI) to explore the preservation and storage of cryptocurrencies.

When the same source who leaked the news was asked about the timing, he replied that the digital currency preservation services that the bank will announce will soon become clear.

Goldman Sachs has submitted a request for information -”REquest For Information” which is abbreviated as “RFI” – for storing cryptocurrency.

The intention and interest of “Goldman Sachs” in the cryptocurrency market is not a product of the moment, as many indicators appeared earlier to suggest this.

Read:EOS decentralized network applications lose $1 million in 5 months as a result of hacking

A source from Goldman Sachs, who requested anonymity, said:

We have issued an RFI Request to consider digital custody of cryptocurrencies.

We are extensively exploring digital preservation and will decide what’s next.

The bank’s initiative to explore cryptocurrency was part of a broad digital strategy.

The same source stated that the bank was encouraged to adopt its step more after the speech stated by the Office of the Comptroller of the Currency “OCC” in the United States of America.

A radical shift occurred in the world of cryptocurrency custody this week, as I got San Francisco-based Anchorage has received conditional approval from the Office of the Comptroller of the Currency (OCC) to become a national digital bank.

Diogo Mónica, President of Anchorage, said:

This regulatory approval will invite many players, large institutions and risk averse to enter the crypto market.

When Diogo Monica was asked about JPMorgan, Goldman Sachs, and Citi, which are major US banks that most of them watch in terms of cryptocurrency custody.

Monica replied:

We’re already talking to all of those.

Read:List of countries by number of cryptocurrency traders and investors around the world

There has been talk about the possibility of Goldman Sachs offering services similar to cryptocurrency brokerage.

But the source familiar with Goldman Sachs said that the bank is looking at cryptocurrency custody, not brokerage.

The source said:

Anchorage, BitGo, and Coinbase have very big plans in the crypto brokerage space and we’re not looking to repeat them.

Read also:

Five months after the “MicroStrategy” purchase of Bitcoin … the value of the company’s shares is flying high

One of the largest Asian banks announces the trading of cryptocurrencies