investment bank Goldman Sachs Group Inc. GS Announcing the Launch of Tokenization Platform GS DAP™deployed on the Canton blockchain.
Daml smart contract language from leading software vendor Digital Asset powers the service.
What happened: The platform, which was developed with the aim of improving the speed of transactions, was already being tested.
In November, the European Investment Bank issued a €100 million two-year digital bond on its platform. It is the first fully digital native bond with same-day settlement and the first syndicated digital bond issued by a public authority. Registered on the official list of securities of the Luxembourg Stock Exchange.
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Important reasons: Matthew McDermott, Global Head of Digital Assets at Goldman Sachs, said, “From the beginning, our goal has been for our clients to provide end-to-end solutions across tokenized assets, digital currencies, and other financial instruments. The goal was to enable the benefits of digital lifecycle processing to be realized.
The company further said that the use of blockchain technology on its platform aims to improve the speed and efficiency of transactions and support digital processing across various financial instruments.
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