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Goldman Sachs seeks project manager for digital asset team

Benson Toti

US banking giant Goldman Sachs is hiring people to work on a secretive blockchain project, industry website The Block has reported.

The online publication, which was the first to report on the news, said it had obtained a job listing for a digital asset project manager under the GS Accelerate programme, which is a “firmwide initiative to foster innovation and collaboration across divisions, with a focus on the firm’s future growth”. It appears that the project manager will be part of a digital asset team within GS Accelerate.

According to the job listing, which was live on Goldman’s website at the time of writing, “Project Managers on the Digital Asset team will play an integral role in helping define both the scope and direction of the business”.

“In short, we’re evolving, and we’re looking for some of the most talented individuals in the world to help us go further than ever before,” the ad reads.

For this particular role, Goldman is looking for people who possess, among other things, passion “for and understanding of digital assets / blockchain / distributed ledger technology, capital markets, and financial services regulations”. The bank also recommends the candidates to have experience in blockchain and digital asset product development. The responsibilities associated with the position include developing comprehensive road maps for distributed ledger technology (DLT) development and collaborating with and directing the firm’s engineers to create DLT-related products and services.

Goldman’s chief executive officer David Solomon indicated last month that the bank could develop its own cryptocurrency and hinted that the company had been looking into stablecoins and asset tokenisation.

Banking rival JP Morgan Chase is already working on its own stablecoin, which it aims to start testing around the end of the year. Meanwhile, social media giant Facebook is developing a cryptocurrency called Libra, which will be pegged to a basket of low-volatility assets.

Featured image: Piotr Swat /Shutterstock.com

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