Goldman Sachs is offering investors access to non-deliverable forwards (NDFs), a derivative tied to price that is bitcoin’s pays out in money, according to a Bloomberg report. When reached by CoinDesk, the headlines was confirmed by the investment bank.

The financial institution will then protect itself from volatility by buying and bitcoin that is sellingBTC, -2.29%) futures in block trades through CME Group, using Cumberland DRW as its trading partner.

NDFs are futures contracts by which counterparties settle the difference between the negotiated NDF price or price together with spot cost or rate for a agreed amount that is notional.

In January, CME took the prime I’m all over this record associated with the bitcoin futures which can be biggest trading platforms, showing a continued increase in institutional involvement.