Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
A new job listing from investment banking giant Goldman Sachs reveals apparent intentions to pursue digital asset development at an unprecedented pace
A new job listing from investment banking giant Goldman Sachs reveals apparent intentions to pursue digital asset development at an unprecedented pace.Â
The listing, now live, seeks a Digital Asset Project Manager under the aegis of the bankâs GS Accelerate in-house incubator program.
In a summary of the role, the bank indicates that the future hire will be expected to âdevelop comprehensive road maps for distributed ledger technology (DLT) development,â âfoster a deep understanding of relevant products, technology, and markets,â and âmaintain and iterate a complex project planning document with multiple stakeholders.â
While few details of the Digital Asset project are revealed in the listing, the job has notably been classified under the bankâs securities division.Â
As part of GS Accelerate, the project will be situated within a fast-paced internal unit that aims to swiftly develop solutions and products that can innovate the traditional financial services industry.Â
The listing reflects this urgency, underscoring that the hire will be expected to âwork to demanding timescales in a fast-paced team environment,â and that the broader ambition of GS Accelerate is to build out âbrand new business ideas for GS, while offering employees the opportunity to work in a fast-paced, entrepreneurial environment.â
This is further indicated in the core desirable skills sought in prospective candidates, which include a âpassion for and understanding of digital assets / blockchain / distributed ledger technology, capital markets, and financial services regulations.â
As reported, Goldmanâs chief executive David Solomon has recently revealed that he believes global payment systems are heading in the direction of stablecoins â cryptocurrencies pegged to fiat assets such as the U.S. dollar.
While stopping short of confirming the bank could pursue a project similar in scope to JPMorgan Chaseâs forthcoming JPM Coin, Solomon said that market participants must assume that all major financial institutions are looking closely at the potential of tokenization, stablecoins and frictionless payments.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.