Goldman Sachs Group Inc is currently in talks to establish a separate entity for its digital-assets platform. This new entity aims to facilitate the creation, trading, and settlement of financial instruments using blockchain technology.

Mathew McDermott, the bank"s global head of Digital Assets, has stated that the firm is collaborating with various market participants to improve the platform"s capabilities and explore new commercial applications.

The spin-out is still in its early stages and is expected to be executed within the next 12 to 18 months, pending regulatory approvals. This move demonstrates Goldman Sachs" commitment to expanding its presence in the digital assets space and meeting the needs of large financial institutions.