Capital Markets / Trading Infrastructure
Goldman Sachs GS DAP on Canton Network
Goldman Sachs' GS DAP is institutional blockchain infrastructure with financial domain knowledge embedded into the platform—settlement, compliance, and collateral management built into core protocol layers.
Summary
GS DAP embeds settlement logic, compliance verification, and regulatory reporting directly into protocol layers rather than adding them as smart contract applications.
How it works
GS DAP settled the European Investment Bank's €100 million digital bond on T+0 (same day), a transaction requiring T+5 settlement using traditional infrastructure.
Business goal
- Enable comprehensive market infrastructure for multiple asset classes
- Integrate compliance verification into transaction execution
- Provide platform-as-infrastructure revenue model
Impact
- Compliance verification before settlement prevents failures
- BNY Mellon integration enables direct settlement into custody