Goldman, JPMorgan are already processing some trades using the technology behind cryptocurrency markets
Wall Street’s biggest banks have largely avoided investing directly in cryptocurrencies. But many are quietly working to integrate blockchain, the technology behind crypto, into trading and other businesses.
Goldman Sachs GS -2.91%▼ Group Inc. is already trading some bonds and other debt securities for clients on blockchain-based networks such as Ethereum, and the bank is building its own blockchain-based trading platform. JPMorgan Chase JPM -3.27%▼ & Co. already has a platform in place, called Onyx.