XRP, HBAR, Goldman Sachs Partnership Coming Soon?

The Ripple community is elated as speculations over XRP's possible collaboration with Hedera (HBAR) and Goldman Sachs have been on the rise.

Speculations have been rife regarding XRP's possible collaboration with Hedera (HBAR) and Goldman Sachs, following comments made by Shawn Oroogle, a member of the World Economic Forum (WEF). In a tweet, Oroogle fueled rumors of an announcement involving the three entities.

However, Oroogle clarified that no evidence has been verified and that the claims are indeed speculative. Nevertheless, his comments managed to garner significant interest among crypto enthusiasts, especially within the XRP community.

While Oroogle did not offer any concrete evidence, his statements sparked curiosity about the possible repercussions of such a collaboration. Fans of the Ripple ecosystem expressed hope, with many speculating about a major update for XRP.

These speculations gained further momentum when some community members recalled a previous discussion involving Ripple CEO Brad Garlinghouse and Hedera Co-Founder Leemon Baird.

At the time, it was mentioned that the two executives were exploring a blockchain-based collaboration. However, there is no confirmation yet regarding Goldman Sachs' involvement in any collaboration with Ripple or Hedera.

Goldman Sachs' New Blockchain Venture

These rumors emerged around the same time as a report by Bloomberg, which revealed Goldman Sachs' new plans in the blockchain sector.

According to the report, Goldman Sachs is in talks to bring on partners in launching an independent company based on its Digital Assets Platform. The Digital Assets Platform was first introduced in 2022, enabling traditional financial instruments to be tokenized and issued on blockchain networks.

The new company will focus on allowing financial institutions to issue, trade, and settle blockchain-based financial instruments. While Goldman Sachs is launching this new platform as a separate business, the firm will maintain its digital assets unit and continue expanding its operations in the broader blockchain and crypto space.

Goldman Sachs' announcement showcases the firm's continued commitment to digital innovation. However, this initiative is separate from any rumored collaboration with Ripple or Hedera.

Past Collaborations Between Ripple &, Hedera

In the past, Ripple and Hedera have collaborated within the blockchain industry. In May, Ripple, together with XRP Labs, partnered with Hedera and other leading blockchain companies to launch the DeRec Alliance.

This alliance aims to develop solutions for decentralized digital asset recovery, enabling users to retrieve private keys and secrets through a decentralized network.

Additionally, in September, Ripple and Hedera were among the co-founders of the MiCA Crypto Alliance, a coalition to help blockchain projects comply with the European Union's MiCA regulations, as reported by CNF.

The alliance's goals include fostering transparency, protecting consumers, and addressing sustainability concerns, such as climate disclosures that crypto service providers are required to make.