Patuloy na Pagpasok ng Goldman Sachs sa Digital na Asset sa pamamagitan ng Tokenization Platform

Two years ago, Goldman Sachs (GS ) (GS) tinaguriang Bitcoin as an asset class, marking one of the first real signs of institutional adoption at the time.  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 paglulunsad ng ‘GS DAP’.

Ano ito?

Goldman Sachs Digital Asset Platform o ‘GS DAP’ ay isang tokenization platform na nagpapadali sa paglikha, pag-isyu, at pamamahala ng digital securities.  Maaaring ito ay nangangahulugang tokenization ng mga real-world na asset tulad ng real estate, o iba pang medium kabilang ang mga produktong utang, at iba pa.

Goldman Sachs notes that this new service  is “…binuo sa ibabaw ng Daml smart contract language ng Digital Asset at Canton, ang privacy-enabled blockchain nito”.

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.

Komento

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

“Mula pa sa simula, ang layunin namin ay tulungan ang aming mga kliyente na maunawaan ang mga benepisyo ng end-to-end digital lifecycle processing sa mga tokenized na asset, digital na pera, at iba pang instrumentong pinansyal… Ikinagagalak naming dalhin ang solusyong batay sa Daml na ito sa merkado at patuloy na maghanap ng mga kahusayan na magpapabuti sa bilis ng mga transaksyon. Halimbawa, sa pamamagitan ng pagpapababa ng karaniwang oras ng settlement ng pag-isyu ng bono para sa European Investment Bank mula T+5 patungong T+0 sa bilis na mas mababa sa 60 segundo gamit ang cross-chain atomic Delivery versus Payment (DvP) settlement sa unang isyu na ito, ipinapakita namin kung gaano ka-transformative ang teknolohiyang ito para sa mga pamilihang pinansyal.”

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.

Mainit mula sa Simula

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 partikular na alok is set to be a two-year bond valued at €100M.  EIB indicates that it is also set to be, “…inadmit sa Securities Official List ng Luxembourg Stock Exchange”.

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.

Katulad na Bisyon

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,

“Naniniwala ako na ang teknolohiyang ito [DLT] ay magiging napakahalaga… Naniniwala ako na ang susunod na henerasyon para sa mga pamilihan, ang susunod na henerasyon para sa mga securities, ay magiging tokenization ng securities.”

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

Huling Salita

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.