The company has simultaneously secured Tradeweb as its first strategic partner.
“We view permissioned distributed technologies as the next structural change to financial markets,” said Mathew McDermott, global head of Digital Assets at Goldman Sachs, in a press release. “Delivering a distributed technology solution to a wide cross-section of financial market participants has the potential to redefine market connectivity.”
The GS DAP platform, built using Digital Asset solutions, serves institutional participants in digital capital markets. The spin-off aims to create an independent ecosystem for seamless market participant interaction.
“Our goal is to create and utilize a solution that ushers in a new wave of access, liquidity, and interoperability for the digital financial markets,” said Chris Bruner, Chief Product Officer at Tradeweb, regarding their partnership with the platform.
The spin-off presents an exciting opportunity for entrepreneurs and investors to engage with an innovative, institutional-grade platform that could democratize access to digital markets. GS DAP’s focus on interoperability and multi-jurisdictional solutions opens doors for fintech startups to integrate their services into a trusted infrastructure.
The strategic shift also signals growing institutional adoption of distributed ledger technology in traditional finance, potentially reshaping how financial institutions interact and process transactions.