Goldman Sachs Confirmed as Ripple Co-Investor

Goldman Sachs has been identified as a co-investor in Ripple, according to a post by crypto researcher SMQKE. This revelation came in response to a tweet by Subjective Views, which highlighted an interview featuring Ripple CEO Brad Garlinghouse at the Goldman Sachs Digital Assets Conference. The interview, titled “A Conversation with Ripple,” underscored the growing alignment between Ripple and prominent financial institutions like Goldman Sachs.

SMQKE’s tweet included an image that appears to be an informational summary about Ripple. The document outlines Ripple’s background, operational model, and key stakeholders. It describes Ripple as a private company from the fintech ecosystem with centralized management, created in 2005 and headquartered in the United States. Notably, the document lists major co-investors, including Google, Goldman Sachs, Standard Chartered Plc, and Banco Santander SA.

The document also mentions that Ripple’s system is in test mode with more than 100 banks, including Santander, Bank of America, Axis Bank, and Standard Chartered. It emphasizes Ripple’s role in enabling interbank cross-border financial transfers through technological innovation. The document discusses the advantages of the Ripple cryptosystem, such as the ability to facilitate transactions between any currencies and assets, high-speed transfers, and what is described as “unlimited scalability.” It asserts that Ripple is not a subversive technology but is designed to improve existing payment technologies by accelerating exchange operations and facilitating the trade of low-liquid assets.

SMQKE’s claim, backed by the document, highlights Goldman Sachs as one of Ripple’s co-investors, which is notable given the institution’s prominence in the traditional financial sector. This information aligns with the context of the interview conducted by Goldman Sachs with Brad Garlinghouse at its Digital Assets Conference, suggesting a professional relationship beyond casual collaboration. The interview itself, captioned with “Goldman Sachs interviewing the Top G. @bgarlinghouse,” and adding “A conversation with Ripple $XRP,” further suggests the growing alignment between Ripple and prominent financial institutions like Goldman Sachs.