Blockchain Startup Digital Asset Helps Goldman Sachs To Build Tokenized Asset Infrastructure

According to a public announcement, investment giant Goldman Sachs has reached a cooperation with blockchain startup Digital Asset to build an open platform for tokenized assets. 

Under the partnership, Goldman Sachs will use Digital Asset's development framework Daml, which allows financial institutions to establish and execute agreements on the blockchain. 

The announcement stated that as one of the core technologies of digital assets, Daml will help Goldman Sachs develop its own "end-to-end tokenized asset infrastructure" that will support multiple asset classes on private and public blockchains. 

Mathew McDermott, Global Head of Digital Assets at Goldman Sachs, said: "As we continue to build out our tokenization capabilities, we need solutions that could rapidly capture the full complexity and diversity of assets at the heart of our business for both digitally native or tokenized traditional assets, and be interoperable across multiple blockchains."

By Mary Liu

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