Goldman Sachs Launches New Digital Assets Platform

Goldman Sachs launched GS DAP, a new digital assets platform built on private permissioned blockchain technology augmented by a smart contract application layer according to a story in The Trade news. The tokenisation platform will be used to facilitate the issuance, registration, settlement and custody of digital assets, including but not limited to digital bonds. It is jurisdiction-agnostic and can be leveraged across global capital markets. Also, the European Investment Bank (EIB), in collaboration with Goldman Sachs Bank Europe, Santander and Société Générale, launched Project Venus, its second euro-denominated digitally native bond issue and first using private blockchain technology. The €100 million, two-year bond was issued, recorded and settled on GS DAP, the bank’s first time using a private blockchain.