Goldman Sachs to build platform for tokenised assets

Goldman Sachs has revealed plans to build an open platform for tokenised assets.

The bank will use technology from Digital Asset to develop its end-to-end tokenised asset infrastructure, which will help support the digital life cycle across multiple asset classes on both permissioned and public blockchains.

Digital Asset is a software and services provider that helps enterprises build interconnected networks.

The company said that tokenisation platforms can enable the capture of full complexity of rights, obligations, and cash flows throughout the life cycles of complex regulated assets on the assets themselves, and they can make that digital representation and workflow accessible and fully automatable across distributed interconnected ecosystems of participants.

“We are very excited to work with Digital Asset,” said Mathew McDermott, managing director, global head of digital assets at Goldman Sachs. “As we continue to build out our tokenisation capabilities, we needed solutions that could rapidly capture the full complexity and diversity of assets at the heart of our business for both digitally native or tokenised traditional assets, and interoperable across multiple blockchains."

The managing director said that it is “critical” to create distributed networks and digitisation workflows across financial institutions and clients.

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