Mathew McDermott in charge of Goldman Sachs' cryptocurrency dream

In a bid to push into Wall Street’s digital future, Goldman Sachs has reportedly made Mathew McDermott, a managing director who ran the investment bank’s internal funding operations, its new global head of digital assets.

McDermott’s appointment means the newest face of blockchain and cryptocurrency on Wall Street isn’t a starry-eyed bitcoin evangelist or ostentatious start-up founder, but a 46-year-old veteran of old-school financing markets, CNBC reported. He comes in place of Justin Schmidt, a former cryptocurrency trader who was recurited by Goldman Sachs in 2019 when the nascent industry was booming with record prices. 

The company is considering the possibility of