Goldman Sachs On the Hunt For A New VP of Digital Assets

By Chris Torres | August 20, 2020

Goldman Sachs has reportedly been on the hunt for a new VP for its Digital Assets team, located in London, and is a part of its Global Markets Division.

Specifically, the banking heavyweight has reportedly published a new job opening on its web page, where the new hire will coordinate with the Digital Assets team in “defining and executing Goldman Sachs’ distributed ledger technology (DLT) and blockchain efforts firmwide, including any potential initiatives in the cryptocurrency space.”

The details reportedly dictated that anyone that applies needs to have the ability to pinpoint opportunities that can use the features of blockchain and DLT digital assets. 

The global director for digital assets for Goldman Sachs is Mathew McDermott, who has reportedly been appointed to the chair on August 6th. 

The latest onboarding of McDermott and the initiative to look for new personnel reportedly showed that Goldman Sachs is adopting a more proactive attitude to crypto assets in uncertain economic times.

McDermott reportedly revealed during an interview held by CNBC on August 6th that the company is looking into “exploring the commercial viability of creating a fiat digital token”, potentially a US dollar-pegged stablecoin. 

“In the next five to 10 years, you could see a financial system where all assets and liabilities are native to a blockchain, with all transactions natively happening on chain.”

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