The days when major Wall Street banks demonized or ridiculed Bitcoin are long gone. In one form or another, all major U.S. banks are now addressing cryptocurrency issues.
In December, CoinDesk reported, citing several insiders, that Goldman Sachs is currently exploring how Bitcoin can be used as collateral for loans to institutional investors—without the need to own the coins.
Investors will deposit Bitcoin as collateral and receive dollar loans from the bank in return. In addition to Goldman Sachs, several other Wall Street banks are also working on developing a similar offering, according to the report. "We have probably discussed this with half a dozen major banks. Some will wait three to six months before the product is offered, while others will take longer," CoinDesk quoted an insider working for a large institutional investor.
