Goldman Sachs has a secret crypto project

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Cointelegraph suspects that a new job listing by Goldman Sachs indicates that it is pushing on with a digital asset project, and that it is moving forward with it at speed.

The job listing indicates that the famous investment bank is looking for a Digital Asset Project Manager as part of its GS Accelerate in-house incubator programme.

The job spec for the role suggests that the employee will be expected 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.”

However it doesn’t say much the project, as the job is classified under the bank’s securities division. But, as part of GS Accelerate, the project will be within the fast-paced internal unit that aims to swiftly develop solutions and products that can innovate the traditional financial services industry.

Cointelegraph says that there is a great sense of urgency about the new role, because the spec states that the hire will be expected to “work to demanding timescales in a fast-paced team environment,” and that the broader ambition of GS Accelerate is to build out “brand new business ideas for GS, while offering employees the opportunity to work in a fast-paced, entrepreneurial environment.”

This is also highlighted in the core desirable skills the bank is looking for in prospective candidates, which include a “passion for and understanding of digital assets / blockchain / distributed ledger technology, capital markets, and financial services regulations.”

In the recent past, Goldman Sachs has indicated an interest in stablecoins, although it has not indicated that it will go down the same route as JP Morgan with its JPM coin. David Solomon, Goldman Sachs’ CEO, did say however that market participants must assume that all major financial institutions are looking closely at the potential of tokenization, stablecoins and frictionless payments.

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