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Goldman Sachs Issues First Loan Backed by Bitcoin

Goldman Sachs Issues First Loan Backed by Bitcoin



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  1. tldr; Goldman Sachs has reportedly extended its first Bitcoin-backed loan. The bank reportedly extended a cash loan that was collateralized by BTC, meaning that the bank can seize the digital asset in case the borrower fails to pay back the facility on time. Last month, Goldman completed its first over-the-counter operation with BTC options in collaboration with Galaxy Digital.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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