Goldman Sachs Hunts For New VP Digital Assets

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Goldman Sachs
Digital asset

After appointing a new digital assets head, Goldman Sachs in now on a hunt for a new vice president to serve their organisation.

Goldman Sachs is looking for a vice president to operate from London within its Global Markets division. The company is targeting to launch its own token after the appointment of new assets head and now it is understood that they are further looking to strengthen their grip in the world of cryptocurrency.

The new vice president will help 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,” according to the job description.

“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,” said head of Digital Assets Mathew McDermott, in a recent interview with CNBC.

Earlier, McDermott, who is based in London, has replaced Justin Schmidt in the role. He has a radical vision for the market and asserted that in the next decade you could see a financial system where all assets and liabilities are native to a blockchain.

McDermott also mentioned that Goldman might consider collaborating with its rival, JPM, as well as Facebook on future digital asset initiatives.