Goldman Sachs to Spin Off its Digital Assets Platform
Goldman Sachs plans to separate its Digital Assets business’s GS DAP technology platform, fully owned by the company, and transform it into an industry-owned distributed technology solution.
This will only be possible once all necessary regulatory approvals have been obtained. In addition, Goldman Sachs has announced a collaboration with key industry partners, indicating a shared commitment and vision for utilizing distributed ledger technology in the financial market.
GS DAP is a highly acclaimed technology platform, leveraging Digital Asset’s solutions, that caters to the advanced needs of participants in digital capital markets. Its development is a key part of Goldman Sachs’ Digital Assets business.
By spinning out GS DAP, Goldman Sachs is laying the groundwork for a distributed ecosystem that promotes seamless, efficient, and scalable interoperability among participants.
