Goldman Sachs Accelerates its Crypto Project; Seeks New Project Manager.

The American Multinational investment bank, Goldman Sachs is taking a step further into the digital asset sector by announcing a new post for an executive level to manage its new crypto-based projects.

On June 28, Coinfomania reported the U.S fifth-largest bank is considering issuing a stablecoin cryptocurrency just like JP Morgan Chase. The chief executive official, David Solomon revealed the development in an interview with the French news media, Les Echos.

The new job opportunity, titled “Digital Asset Project Manager,” calls for personals that can develop comprehensive road maps on distributed ledger technology (DLT) development as well as “collaborate with and direct the firm’s engineers to create DLT-related products and services.”

As per the report, the investment bank is looking forward to a potential hire that will have a better understanding of “relevant products, technology, and market.”

David admitted that the bank is conducting “extensive research” on the concepts of assets stablecoin and tokenization. The announcement today, perhaps, is targeted at giving a more precise definition to the scopes of digital assets.

“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,” according to the job description.

The crypto-related project will focus on building brand new business ideas for GS, while offering the employees an opportunity to work in a fast-paced, entrepreneurial environment, according to Goldman Sachs.

JP Morgan was the banking giant in the United States to launch its own cryptocurrency dubbed “JPM Coin,” which will soon undergo trial as a unit for settling transactions processed daily by the bank.

Unlike any other digital coins, JPM Coin is highly centralized and confined within the Bank’s ecosystem. Therefore, It will only support the bank’s corporate customers to streamline transactions.