Speculation about a potential partnership involving Goldman Sachs, XRP, and Hedera has captured the crypto community’s attention. Shawn Oroogle, a World Economic Forum member, recently highlighted these rumours on social media, noting that more evidence was being gathered to substantiate the claims.
Rumors of Goldman Sachs and XRP Alliance Emerge
Shawn Oroogle’s tweet fueled interest by suggesting a possible partnership between XRP, Hedera, and Goldman Sachs. Oroogle clarified that the claims remained unconfirmed and stated he was seeking more details. Despite this, the crypto community, notably the XRP Army, reacted excitedly, believing a significant announcement might be imminent.
Rumours of a big announcement about a potential Goldman Sachs, $HBAR & $XRP partnership.
Currently gathering more evidence.
— Shawn (@oroogle) November 18, 2024
Speculation grew after Ripple CEO Brad Garlinghouse and Hedera Co-Founder Leemon Baird discussed blockchain collaborations. However, no solid proof has linked Goldman Sachs to any potential partnership involving Ripple or Hedera.
Goldman Sachs’ Blockchain Strategy Progresses Independently
In related developments, Goldman Sachs has made strides in the blockchain space. Reports from Bloomberg revealed that Goldman Sachs is in discussions to spin off its Digital Assets Platform into an independent entity. This platform would allow large financial institutions to create, trade, and settle financial products using blockchain technology.
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Since its establishment in 2022, the Digital Assets Platform has facilitated notable blockchain-based transactions, including issuing bonds for the European Investment Bank. Although this move highlights Goldman Sachs’ commitment to blockchain innovation, no direct link to Ripple or XRP has been confirmed.
Ripple and Hedera: Existing Blockchain Collaborations
While Goldman Sachs’ involvement remains speculative, Ripple and Hedera have established a history of collaboration. Earlier this year, Ripple and XRPL Labs joined Hedera as founding members of the DeRec Alliance, which focuses on improving digital asset recovery and security through innovative protocols.
Additionally, Ripple and Hedera co-founded the MiCA Crypto Alliance in September. This group ensures compliance with the EU’s Markets in Crypto-Assets (MiCA) regulations, focusing on transparency, consumer protection, and climate impact. These partnerships highlight Ripple and Hedera’s shared commitment to advancing blockchain technology.
Goldman Sachs and XRP Partnership Unconfirmed
Rumours about a Goldman Sachs partnership with XRP and Hedera have sparked excitement. However, no concrete evidence has been provided to support these claims.
Goldman Sachs’ decision to spin off its Digital Assets Platform appears unrelated to Ripple or XRP. Meanwhile, Ripple and Hedera continue collaborating on blockchain initiatives, reinforcing their role as key players in the crypto industry. For now, the crypto community is anticipating further developments.
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