Share this article
Goldman Sachs Sells $6.5M of Shares in Ripple Partner MoneyGram: SEC Filing
Goldman Sachs and its subsidiaries have sold 9% of their total position in the Ripple-partner MoneyGram – worth approximately $6.5 million.
By Paddy Baker
Updated Sep 14, 2021, 9:43 a.m. Published Aug 13, 2020, 12:19 p.m.
Goldman Sachs has sold more than $6 million worth of shares in MoneyGram, the remittance company that provides liquidity for Ripple's XRP settlement layer.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- The U.S. investment bank and its subsidiaries this week informed the Securities and Exchange Commission (SEC) it had sold over 14,000 shares of Series D Preferred Stock in MoneyGram between August 5 and August 10.
- This is convertible into nearly 1.8 million units of common stock, worth a total of $6.5 million on the Nasdaq at press time.
- Based in Texas, MoneyGram has collaborated with Ripple since it started testing XRP for its international payments rails in January 2018.
- Since H2 2019, the remittance company has received more than $40 million in "market development fees" from Ripple Labs in return for providing liquidity to its On-Demand Liquidity (ODL) network.
- Ripple completed the purchase of a $50 million equity stake in MoneyGram last November.
- Despite the sell-off, Goldman Sachs still owns well over 18 million units of common stock – a larger stake than Ripple Labs – at a total of $65 million worth.
- It's unclear why Goldman decided to sell approximately 9% of its position in MoneyGram.
See also: Goldman Sachs Eyes Own Token as Bank Appoints New Head of Digital Assets
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
XRP Faces Downside Risk as Social Sentiment Turns Wildly Negative
The turn in crowd mood comes after a two-month slide of roughly 31%, leaving the token vulnerable to further downside if risk appetite weakens across majors.
What to know:
- XRP's price approached the $2 mark as social sentiment around the token turned sharply negative, according to Santiment data.
- The token has experienced a 31% decline over two months, making it vulnerable to further losses if market risk appetite weakens.
- Santiment's sentiment model indicates XRP is in a 'fear zone,' where negative commentary significantly outweighs positive talk, potentially influencing market positioning.
Top Stories
