Main points
- Shawn Oroogle, member of the World Economic Forum Drawing Attention to Rumors of a Possible Partnership Between XRP, Hedera, and Goldman Sachs.
- Goldman Sachs reportedly plans to spin off its digital asset platform into an independent entity.
- Ripple and Hedera are implemented via e.g. DeRec Alliance and MiCA Crypto Alliance.
Speculations Rising About a Potential Alliance Between XRP, HBAR, and Goldman Sachs
World Economic Forum member Shawn Oroogle recent speeches About rumors that are causing concern in the financial world. There are rumors of a possible partnership between XRP, Hedera (HBAR), and Goldman Sachs.
Sean clarified that this information is just speculation at this time. He mentioned that he was working to gather more evidence to see if the claims were true. However, he did not provide any solid evidence or details to support the rumors.
The idea of major announcements involving Goldman Sachs, HBAR, and XRP sparked discussion. Still, it’s unclear if this partnership will come to fruition or if the rumors will lead to anything substantial..
Sean Oroger tweet It quickly attracted the attention of the XRP community (often referred to as the XRP Legion). Many fans have shared their excitement, believing that something “big” might be coming to XRP.
Some point out Past discussion between Ripple CEO Brad Garlinghouse and Hedera co-founder Leemon Baird. During that conversation, they explored the idea of collaborating on blockchain technology. This fuels hopes of a connection between Ripple and Hedera.
However, while Ripple and Hedera may be connected, Goldman Sachs’ role in this rumored partnership remains unclear. So far, there has been no confirmation of the banking giant’s involvement.
Interestingly, this rumor coincides with reports that Goldman Sachs is exploring new opportunities in blockchain. The timing only adds to speculation.
Bloomberg reports Yesterday, Goldman Sachs Group Inc. planned major changes to its digital asset platform. The bank is in discussions with potential partners to turn the platform into an independent company. The new entity will focus on helping large financial institutions create, trade and settle financial products using blockchain technology.
For context, Goldman Sachs launched a digital asset platform in 2022. The goal is to issue traditional financial products such as bonds on the blockchain network. Since then, the platform has successively been involved in large projects, including bond issuance for the European Investment Bank.
Under the plan, independent companies will take ownership of the digital asset platform. However, Goldman Sachs will retain its digital assets team and continue to develop its digital assets business.
Goldman Sachs’ move, meanwhile, has no direct connection to Ripple or XRP.
Ripple and Hedera strengthen ties through blockchain alliance
Ripple and Hedera have some established connections in the blockchain industry. For example, in May, XRPL Labs and Ripple partnership with ivy and other major players to form the DeRec Alliance.
The DeRec protocol provides a system for secure recovery of secrets such as private keys through a network of trusted assistants.
Later, in September, Ripple and Hedera Join forces Became a founding member of the MiCA Cryptocurrency Alliance again. The alliance is committed to helping blockchain projects comply with EU Markets in Crypto-Assets (MiCA) regulations.
Through this collaboration, both companies are committed to meeting MiCA’s standards. These include ensuring transparency, protecting consumers and addressing sustainability issues, with a particular focus on climate impact disclosures by crypto service providers.
View all posts by Rida Fatima
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