Digital Asset announced that Goldman Sachs will use Daml, Digital Asset’s core technology, to develop its end-to-end tokenized asset infrastructure supporting the end-to-end digital life cycle across multiple asset classes on permissioned and public blockchains.
Mathew McDermott, managing director and global head of Digital Assets at Goldman Sachs, said in a statement: “As we continue to build out our tokenization 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 tokenized traditional assets, and be interoperable across multiple blockchains. Daml-driven solutions, selected by leading market operators, could be an accelerator for us to achieve this.”
Daml is a platform for building multi-party applications that run seamlessly across new technologies and legacy infrastructure. Daml solutions have been selected for production rollout at several of the world’s top exchanges, as well as powering the daily processing of around $35 billion in repo transactions.