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Goldman Sachs has submitted an offer of employment allowing a project manager to join his digital badet team.
The management position will be responsible for developing "comprehensive roadmaps for distributed general ledger technology" that "will play a critical role in defining both the scope and direction of the business," according to the report. offer of employment.
The announcement comes shortly after David Solomon, CEO of Goldman Sachs, announced last month that his bank could "absolutely" follow JP Morgan Chase by launching a cryptocurrency. The news was first reported by the publication of The Block Industry.
Solomon said at the time that the bank was doing extensive research on the cryptographic space. He specifically referred to stable coins and tokenization of badets as "the direction in which the payment system will go".
The open position is part of the company-wide initiative, which aims to cross-pollinate different banking divisions to stimulate innovation and growth. The project manager will consult with the firm's business, risk, operations, compliance, legal and financial teams to develop "unprecedented projects".
This is not Goldman's first pbad with cryptocurrency or blockchain. In 2018, the bank deliberated on the creation of a cryptography fund and a secure storage service to limit the risks of hacking and fraud. At the time, some had speculated that the move would direct Goldman Sachs to other custodial services, such as brokerage services.
At that time, Goldman Sachs and Morgan Stanley also became the first banks to use a blockchain-based payment service developed by IBM and CLS, a currency trading utility.
In addition, the company began offering crypto futures trading in May.
Image of Goldman Sachs via Shutterstock
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