Cryptocurrency News

Goldman Sachs Seeks Executive to Lead ‘Unprecedented’ Digital Asset Projects

Goldman Sachs has listed a job opportunity for a project manager to join its digital asset team.

The executive level position will be responsible for developing “comprehensive road maps for distributed ledger technology” that will “play an integral role in helping define both the scope and direction of the business,” according to the job posting.

The listing comes on the heels of Goldman Sachs CEO David Solomon announcing last month his bank could “absolutely’ follow JP Morgan Chase in launching a cryptocurrency. The news was first reported by industry publication The Block.

Solomon said at the time that the bank was extensively researching the crypto space. He made specific reference to stablecoins and asset tokenization, as the “the direction in which the payment system will go.”

The open position is part of the firm-wide initiative, which aims to cross-pollinate different bank divisions to drive innovation and growth. The project manager will consult with the firm’s businesses, risk, operations, compliance, legal and finance teams to develop “unprecedented projects.”

This isn’t Goldman’s first stint with cryptocurrency or blockchain. In 2018, the bank deliberated on creating a crypto fund and secure storage service to limit the risk of hacking and fraud. At the time, some speculated the move would direct Goldman Sachs towards providing other custodial services, such as a brokerage.

Around that time, Goldman Sachs and Morgan Stanley also became the first banks to use a blockchain-based payments service developed by IBM and CLS, a currency trading utility.

Additionally, the company began offering trading in crypto futures in May.

Goldman Sachs image via Shutterstock

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