Goldman Sachs built and successfully launched a tokenization platform for traditional financial assets based on developments from Digital Asset within its strategy to expand digital capabilities.
Goldman Sachs, the world’s largest investment bank, launched a tokenization platform. The tool, called GS DAP™, is deployed on the Canton blockchain. The service uses the Daml smart contract language developed by leading software vendor Digital Asset.
Asset tokenization is the process of representing ownership rights to real-world or financial assets as digital tokens on a blockchain or distributed ledger. The approach can improve settlement efficiency, increase transparency, and enable more automated asset management. Financial institutions have increasingly explored tokenization as a way to modernize capital markets infrastructure and reduce operational costs.
Goldman Sachs has been working on this since November 2021, but the technology wasn’t successfully rolled out until a year later. GS DAP™ effectively tracks cash flow by recording the ownership and liabilities of transaction parties.
Key Benefits of Asset Tokenization Platform
Among the main advantages of tokenization:
- Faster settlement of financial transactions
- Greater transparency of asset ownership
- Reduced operational and administrative costs
- Improved efficiency in capital markets
- Enhanced automation through smart contracts
According to Mathew McDermott, Global Head of Digital Assets at Goldman Sachs, the platform’s primary goal was to enhance the “digital lifecycle processing across tokenized assets.” GS DAP™, he said, would increase transaction speeds and reduce settlement times for issuing tokenized assets.
The platform’s first successful test was Goldman Sachs’ participation in a €100 million digital bond issue by the European Investment Bank (EIB). GS DAP™ delivered a settlement speed of sub-60 seconds, which is a substantial reduction in global terms.
Yuval Rooz, CEO at Digital Asset, said Goldman Sachs pioneered the tokenization of traditional financial assets. “We are excited [the Daml technology] can solve real problems for financial institutions being validated and look forward to [the market’s] continued evolution,” Rooz summarized.
Tokenization Gains Momentum on Wall Street
Since the launch of GS DAP™, asset tokenization has become one of the fastest-growing areas of institutional blockchain adoption. Major financial institutions, including BlackRock, JPMorgan, Franklin Templeton, and HSBC, have expanded tokenization initiatives across funds, bonds, and other financial instruments.
In 2025, the total AUM in the RWA sector exceeded $270 billion. The value of tokenized real-world assets exceeded $26 billion by 2026, up from less than $10 billion a year earlier, highlighting the rapid growth of blockchain-based capital markets.
Recall that Goldman Sachs recently launched the Datonomy service to classify cryptocurrencies, which allows institutional investors to analyze the digital asset market.
