Goldman Sachs has hired Justin Schmidt, a well-known crypto trader, to work for the firm as the new vice president of digital assets market, which is a new part of their securities division. He will focus on helping the existing clientele to navigate on the cryptocurrency markets, reported Bloomberg.

Schmidt, aged 38, has finished his studies in the Massachusetts Institute of Technology, majoring in computer science. Afterwards he worked at trading firm Seven Eight Capital LLC as a senior vice president, and later for WorldQuant LLC as quant trader.

The news came through Tiffany Galvin-Cohen, spokeswoman of Goldman Sachs. She stated that “in response to client interest in various digital products, we are exploring how best to serve them in the space… At this point, we have not reached a conclusion on the scope of our digital asset offering.”

Worth to mention that Goldman was among the first major financial institutions that cleared CME and CBOE BTC futures for its clients when the derivatives were launched back in last December. We are curious to see what is going to be the next step of the Wall Street giant, as clearly they have decided to start taking a new narrative towards cryptocurrencies.