Home » Goldman Sachs Accelerates Development of New Secret Crypto Project

Goldman Sachs Accelerates Development of New Secret Crypto Project


Goldman Sachs — the investment banking giant — has revealed through a new job listing that it intends to develop digital assets at an extraordinary pace.

A Digital Asset Project Manager — is currently sought in the firm’s live listing — who will work under the guidance of the GS Accelerate in-house incubator program.

The bank wants to a person who will fill the future role be able to “develop comprehensive road maps for distributed ledger technology (DLT) development,” “foster a deep understanding of relevant products, technology, and markets,” and “maintain and iterate a complex project planning document with multiple stakeholders.”

Even with scantly details in the listing, it is evident that the Digital Asset project job is put under the securities division of the bank.

The internal unit, which is a fast-paced part of the GS Accelerate, will apparently host the project. As a result, the traditional financial services industry will be innovatively revolutionized with the swift development of various products and solutions in this section.

In regard to the urgency, the hired person will work in in a fast-paced team environment where timescales are demanding. The reason behind it is that GS Accelerate is geared towards building brand new business ideas that are meant for GS as well as enabling the employees to work in an entrepreneurial environment that is fast-paced.

Prospective candidates should also understand and be passionate about financial services regulations, capital markets, and digital assets or distributed ledger technology.

David Solomon, Goldman’s chief executive, believes that global payment systems seem to be heading towards stablecoins — cryptocurrencies that are backed by fiat assets like the U.S. dollar.

Chances are that the bank might be following the path that the forthcoming JPM Coin – of JPMorgan Chase – took. In conclusion, Solomon stated that stablecoins, frictionless payments, and tokenization potential is what all major financial institutions are examining.

Source: https://cointelegraph.com/news/goldman-sachs-ramps-up-development-of-new-secret-crypto-project

About the author

James Lovett

James Lovett

James is a passionate writer on cryptocurrency industry and other disruptive technologies in the crypto world. He has written several crypto articles for numerous websites and blogs over the years.

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