Goldman Sachs Continua sua Investida em Ativos Digitais com Plataforma de Tokenização

Two years ago, Goldman Sachs (GS ) (GS) classificou o Bitcoin como uma classe de ativo, marcando um dos primeiros sinais reais de adoção institucional na época.  One year ago, representatives from GS spoke to the potential of digital securities through the tokenization of real world assets.  Fast forward to present day and, despite being expected to lay off more than 3,000 employees this week, GS continues its foray into the digital asset sector with the lançamento do ‘GS DAP’.

O que é?

Goldman Sachs Digital Asset Platform or ‘GS DAP’ is a tokenization platform that facilitates the creation, issuance, and management of digital securities.  Whether this means the tokenization of real worlds asset like real estate, or other mediums including debt products, and more.

Goldman Sachs notes that this new service  is “…desenvolvido sobre a linguagem de contrato inteligente Daml da Digital Asset e Canton, sua blockchain habilitada para privacidade”.

Par for the course with digital securities, is the ability to provide increased transparency, privacy, and of course imbuing tailor-built rights and obligations in to the associated smart-contracts.

Comentário

Upon announcing the launch of GS DAP, Mathew McDermott, Global Head of Digital Assets at Goldman Sachs, spoke on what it means.

“Nossa meta desde o início tem sido ajudar nossos clientes a perceber os benefícios do processamento de ciclo de vida digital de ponta a ponta em ativos tokenizados, moedas digitais e outros instrumentos financeiros… Estamos satisfeitos em levar esta solução baseada em Daml ao mercado e continuar a encontrar eficiências que melhorarão a velocidade das transações. Por exemplo, ao reduzir o tempo típico de liquidação da emissão de títulos para o European Investment Bank de T+5 para T+0 a uma velocidade de menos de 60 segundos com liquidação cross-chain de entrega atômica versus pagamento (DvP) nesta emissão inaugural, demonstramos como essa tecnologia pode ser transformadora para os mercados financeiros.”

In his commentary, McDermott touches on one of the main benefits that blockchain is able to provide in such implementation – settlement speeds.  By bringing this down from days to literal seconds, investors can soon expect a huge increase in market efficiency as digital securities take off.

Logo de cara

Right out of the gate, GS DAP is able to boast a modest level of adoption with the European Investment Bank (EIB) expected to issue what is being call the first ‘fully digitally native bond with same day settlement’.

This oferta específica is set to be a two-year bond valued at €100M.  EIB indicates that it is also set to be, “…admitido na Lista Oficial de Valores da Bolsa de Luxemburgo”.

EIB has taken to calling this endeavour ‘Project Venus’ and notes that while it is its second example of a tokenization effort, it is the first to occur on a private blockchain.

Visão Similar

While Goldman may be ahead of the times among most institutional investment firms, there is one rival which appears to share a similar vision with regards to the tokenization of real world assets – BlackRock (BLK ).

It was just over a month ago that BlackRock CEO, Larry Fink, sat down for a conversation at the DealBook Summit.  Here he made it clear that the future of investing lay in digital securities.  At the time, he stated,

“Acredito que esta tecnologia [DLT] será muito importante… Acredito que a próxima geração para os mercados, a próxima geração para os valores mobiliários, será a tokenização de valores mobiliários.”

Much like McDermott in his commentary on GS DAP mentioned above, Fink noted various reasons for this including instantaneous settlements.

Palavra Final

Unfortunately, most group together the various asset classes which make up the digital asset sector.  Whether this be Bitcoin, crypto, NFTs, or digital securities – each have had their reputation tarnished as of late with the plethora of scams and collapses that have come to fruition.  Fortunately, there are still companies that are able to look beyond this, separating the wheat from the chaff, and have begun to build out the potential behind digital securities.

Asset classes like meme coins, and NFTs have each had their time in the spotlight.  Now, with increased focus being placed on regulations and real-world utility, it is time for digital securities to experience the same.