After months of conflicting reports, it looks like investment banking giant Goldman Sachs (GS) is now onboarding clients to adopt its new Bitcoin (BTC) derivative product.

According to a recent report by The Block that cites insiders familiar with the matter, Goldman Sachs is currently introducing a small number of institutional investors to its bitcoin non-deliverable forward contracts but is in no rush to roll out new tradable products.

“The source said customers would call senior bankers and traders for direction on where the space is going and to learn how they can break into the market,” said Frank Chaparro in the report.

In addition to potential futures products, Goldman Sachs has been very active with its venture investments. The bank recently led the $57.5 million Series B financing round of BitGo, which develops secure wallets for crypto custody.

Prior to that, Goldman Sachs, in league with GV (formally Google Ventures), Kleiner Perkins and Silicon Valley Bank, made a $25 million investment in Veem, a blockchain-powered payment service for small businesses.

The latest on Goldman Sachs’s Bitcoin derivative product comes roughly a month after it was revealed that  Morgan Stanley (MS) is preparing to offer Bitcoin (BTC) swap trading to clients, enabling investors to gain exposure to the world’s largest digital currency without needing to own it.

While no major bank has provided a definitive launch date, it’s clear that things are beginning to heat up on an institutional level.

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More: Goldman Sachs has customers getting ready to trade its bitcoin derivative, but it’s not rushing to push more products
Related: Goldman Sachs Makes Another Bet on Crypto With BitGo Investment

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.



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