The non-banking issuer was the counterparty for the first Ethereum OTC derivative transaction executed by the US bank in the crypto space.
Goldman Sachs (GS) has executed its first crypto derivative transaction tied to ether (ETH) via an over-the-counter (OTC) non deliverable forward (NDF) trade with Marex Solutions acting as counterparty. The trade with Goldman Sachs highlights the gap we can bridge between traditional finance and the digital asset community - Nilesh Jethwa, Marex The ether-linked NDF pay out will be based on the price of ether and offers institutional investors indirect exposure without holding the digital cu