Securities Financing Technology News | Goldman Sachs Leverages Digital Asset to Create Open Platform for Tokenized Assets


Goldman Sachs will use Daml, the core technology of Digital Asset, to develop its end-to-end tokenized asset infrastructure, supporting the end-to-end digital lifecycle across multiple asset classes on authorized and public blockchains .

Daml is a platform for building multi-stakeholder applications that run on new technologies and existing infrastructure. Digital Asset, a software and services provider, says it is the first system to meet the key requirements of a network of networks for global commerce.

The technology has been selected for production deployment across multiple global exchanges, as well as to power the daily processing of approximately US $ 35 billion of repo transactions.

Eric Saraniecki, Co-Founder and Head of Strategic Initiatives at Digital Asset, says: “Daml-based tokenization platforms can provide the ability to capture the full complexity of rights, obligations and cash flows throughout the lifecycle of assets. complex regulated assets over assets. themselves, and they can make this digital representation and workflow accessible and fully automated through interconnected and distributed participant ecosystems.

Also commenting on the announcement, Mathew McDermott, Managing Director, Global Head of Digital Assets at Goldman Sachs, added: “As we continue to develop our tokenization capabilities, we needed solutions that can quickly capture the complexity and diversity of assets at the heart of our activity for both native and traditional tokenized digital assets, and interoperable on several blockchains.

“It is essential to create distributed networks and digitization workflows between financial institutions and customers, interconnecting traditional and new market infrastructures. Daml-based solutions could be an accelerator to achieve this. ”


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