Goldman Sachs to Build Open Platform for Tokenized Assets

Goldman Sachs will work with Digital Asset’s core technology to develop its end-to-end tokenised asset infrastructure supporting the end-to-end digital life cycle across multiple asset classes on permissioned and public blockchains. The investment bank will use Daml – Digital Asset’s platform for building multi-party applications that run across new technologies and legacy infrastructure – to move its tokenization plans forward, a concept the financial services community sees as creating efficiencies and opportunities in the future for both traditional and illiquid assets. According to a story in The TRADE news, investment banking giant is a major development in its digital assets endeavors under the leadership of Mathew McDermott who joined just over a year ago with big ambitions.