Goldman Sachs to Spin Out Tokenization Platform GS DAP in Mid-2026
Goldman Sachs plans to spin out its tokenization platform, GS DAP, from its digital assets division by mid-2026. Mathew McDermott, the bank's head of digital assets, highlighted tokenization as the dominant theme at the Digital Asset Summit in London, emphasizing the firm's focus on divesting its proprietary platform.
GS DAP leverages technology from Digital Asset, the developer behind the Canton Network—a blockchain infrastructure tailored for institutional privacy needs. The standalone entity will prioritize building a distributed ecosystem for seamless, large-scale interoperability.
Tradeweb, a key electronic marketplace operator, became GS DAP's inaugural strategic partner in late 2024, integrating fixed-income trading and liquidity capabilities. "Our solution aims to redefine access and interoperability in digital markets," said Tradeweb CPO Chris Bruner.
