World Economic Forum Member Calls Attention to Rumors of Potential XRP and Goldman Sachs Partnership

Key takeaways

• Shawn Oroogle, a World Economic Forum member, drew attention to rumors about a possible partnership between XRP, Hedera, and Goldman Sachs.
• Goldman Sachs is reportedly planning to spin off its digital asset platform into an independent entity.
• Ripple and Hedera have existing partnerships through initiatives like the DeRec Alliance and the MiCA Crypto Alliance.

Speculation Grows Around Potential Alliance Between XRP, HBAR, and Goldman Sachs

Shawn Oroogle, a member of the World Economic Forum, recently spoke about a rumor gaining attention in the financial world. The rumor suggested a possible partnership between XRP, Hedera (HBAR), and Goldman Sachs.

Shawn clarified that the information is currently just speculation. He mentioned that he is working on gathering more evidence to understand if the claims were true. However, he did not provide any solid proof or details to back up the rumor.

The idea of a major announcement involving Goldman Sachs, HBAR, and XRP has fueled discussions. Nonetheless, it remains unclear if this partnership will materialize or if the rumors will lead to anything substantial.

Shawn Oroogle's tweet quickly grabbed the attention of the XRP community, often called the XRP Army. Many fans shared their excitement, believing that something big" could be on the horizon for XRP.

Adding to the buzz, some pointed out a past discussion between Ripple CEO Brad Garlinghouse and Hedera Co-Founder Leemon Baird. In that conversation, they explored the idea of collaborating on blockchain technology. This has fueled hopes of a connection between Ripple and Hedera.

However, while Ripple and Hedera may have ties, the role of Goldman Sachs in this rumored partnership is still unclear. So far, there is no confirmation of the banking giant's involvement.

Interestingly, this rumor surfaced at the same time as reports that Goldman Sachs is exploring new opportunities in blockchain. This timing has only added to the speculation.

Bloomberg reported yesterday that Goldman Sachs Group is planning a major change for its digital asset platform. The bank is discussing with potential partners to turn the platform into a separate, independent company. This new entity will focus on helping large financial institutions create, trade, and settle financial products using blockchain technology.

For context, Goldman Sachs launched its Digital Assets Platform in 2022. The goal was to issue traditional financial products, like bonds, on blockchain networks. Since then, the platform has been involved in big projects, including issuing bonds for the European Investment Bank.

Under this plan, the independent company will take ownership of the Digital Assets Platform. However, Goldman Sachs will still keep its digital assets team and continue growing its digital asset operations.

Meanwhile, this move by Goldman Sachs has no direct link to Ripple or XRP.

Ripple and Hedera Strengthen Ties Through Blockchain Alliances

Ripple and Hedera share some established ties within the blockchain industry. For instance, in May, XRPL Labs and Ripple partnered with Hedera and other key players to form the DeRec Alliance.

The DeRec protocol provides a system for securely recovering secrets like private keys through a network of trusted helpers.

Later, in September, Ripple and Hedera joined forces again as founding members of the MiCA Crypto Alliance. This alliance works to help blockchain projects comply with the EU's Markets in Crypto-Assets (MiCA) regulation.

Through this partnership, both companies aim to meet MiCA's standards. These include ensuring transparency, protecting consumers, and addressing sustainability, with a specific focus on climate impact disclosures for crypto service providers.

The post World Economic Forum Member Calls Attention to Rumors of Potential XRP and Goldman Sachs Partnership appeared first on Techreport.