Goldman Sachs’ Tokenization Platform GS DAP™, Leveraging Daml, Goes Live
The European Investment Bank is the first to use Goldman Sachs’ new digital asset platform, issuing the first fully digital bond on a private blockchain
January 10, 2023
Goldman Sachs recently announced that the bank’s new digital asset platform, GS DAP™, is live, one year into their engagement of Digital Asset.
GS DAP is developed on top of Digital Asset’s Daml smart contract language and Canton, its privacy-enabled blockchain. Daml-based tokenization platforms, such as GS DAP, capture the full complexity of rights, obligations, and cash flows throughout the lifecycles of assets. They can also make the digital representation and workflow accessible and fully automatable across distributed interconnected ecosystems of participants. Additionally, Digital Asset ensures that data is only shared with entitled stakeholders with its privacy protocols while supporting the scalability necessary to connect assets globally.
According to a statement from the European Investment Bank (EIB) in November, the inaugural issuance on GS DAP – a 100-million-euro, two-year digital bond – also marked the first fully digitally native bond with same day settlement and also the first syndicated digital bond issued by a public institution to be admitted on the Luxembourg Stock Exchange’s Securities Official List.
Goldman Sachs is one of a number of Digital Asset clients that have gone into production with Daml-based DLT solutions.
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