Goldman Sachs Ready to Launch The Tokenization Platform GS DA

Subh Rath

January 12, 2023

Goldman Sachs announced the introduction of its new Digital Asset Platform one year into its relationship with Digital Assets (GS DAPTM).

GS DAPTM is based on Digital Asset’s Canton privacy-enabled blockchain and Daml smart contract language. Tokenization systems based on the Distributed Asset Model (Daml), such as GS DAPTM, may capture an asset’s rights, responsibilities, and cash flows throughout time. Furthermore, they can make the digital representation and method open to all players in a decentralized, networked ecosystem and totally automatable. 

Furthermore, the privacy safeguards incorporated into Digital Asset ensure that sensitive information is only shared with the appropriate parties while also providing the scalability needed to connect assets globally.

In November, the European Investment Bank (EIB) announced that a digital bond with a face value of 100 million euros and a maturity of two years was the first fully digitally native bond with same-day settlement. Additionally, it became the first syndicated digital bond that a public institution issued, further being admitted to the Securities Official List of the Luxembourg Stock Exchange. Both of these accomplishments occurred in November.

Brief Overview of Digital Assets:

Digital Asset, a software company, uses tools like Canton, a privacy-enabled blockchain platform, and Daml, a smart contract language, to update antiquated banking systems for the modern day. Thanks to the platform’s integrated capabilities, which include cutting-edge fuel solutions like smart contracts and blockchain technology, customers can release new value networks with sophisticated applications. Several major banking, insurance, and healthcare players have formed strategic partnerships with Digital Asset to create cutting-edge multi-party solutions to harmonize disparate systems.

Brief Overview of Goldman Sachs:

The Goldman Sachs Group, Inc. is a major international banking and financial services firm that serves a broad range of customers worldwide. These services include investment banking, securities, investment management, and consumer banking. The company was established in 1869 and currently has offices in all of the major financial capitals throughout the world, including New York, where it has its headquarters.