Goldman Sachs building up blockchain team: another private token incoming?

10 Jul, 2019
by Alberto Arnaldo
News
Goldman Sachs building up blockchain team: another private token incoming?

The disclosure of the extent of the bank´s efforts to jump into blockchain has taken place in a slightly unorthodox manner: via a job add in Goldman Sachs´ careers site.

A New York-based position under the label Digital Asset Project Manager is being the center of quite some attention today. Ranked in the Associate/ VP/ Executive Director level and falling within the securities division of the firm, several of the key competences requested are related to decentralized ledger technology. Furthermore, experience in blockchain and digital asset product development is also expected from the candidate.

The move from the bank does not comes as an overwhelming surprise, not only due to the recent, almost-identical project recently announced by JP Morgan. As Chepicap reported back in late June, the CEO of Goldman Sachs, David Solomon, stated to a French newspaper that, much like all major financial institutions worldwide, they were looking as well at “the potential of tokenization, stablecoins and frictionless payments”.

Interestingly, the New York Times recently reported that the two banks had been approached by Facebook in search for backers for their Libra project, but eventually declined the offer. It seems as if the trend of private coins which is just starting is not going to have its first steps characterized by collaboration.

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