Goldman Sachs is reportedly gearing up to offer investments in bitcoin and other digital assets to the wealthy clients of its private wealth management group.

The lender will launch its first investment vehicles for digital assets in the second quarter of the year, CNBC reported citing Mary Rich, the newly appointed digital asset head for Goldman’s private wealth management division.

In an interview to the publication, Rich said: ″We are working closely with teams across the firm to explore ways to offer thoughtful and appropriate access to the ecosystem for private wealth clients, and that is something we expect to offer in the near term.”

She added that the company is eyeing to offer a full suite of investment in bitcoin and digital assets through physical bitcoin, derivatives or traditional investment vehicles.

It was reported recently that Goldman is resuming its cryptocurrency trading desk, and is considering possibilities for a bitcoin exchange-traded fund.

The company is currently looking to obtain approvals from regulators including the Securities and Exchange Commission and the New York Department of Financial Services, according to people with knowledge of the matter.

The comment comes close on the heels of report that Morgan Stanley is set to offer bitcoin fund for its wealth management clients.

In January this year, BlackRock filed prospectus documents with the Securities and Exchange Commission (SEC) to add Bitcoin futures as eligible investments for two funds.

The rising interest in cryptocurrency amongst banks, institutional investors, and fintech players, who previously kept away from it, follows Tesla’s purchase of $1.5bn bitcoin.