Goldman Sachs
InstitutionsActive· USAPAC

Goldman Sachs

GS DAP launched tokenized MMFs with BNY. Moving fast for a bank this size.

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Brief

GS DAP platform for tokenized fund record-keeping. Launched tokenized MMF solution with BNY (July 2025), with BlackRock, Fidelity, and Federated Hermes as initial participants. Spinning GS DAP out as industry-owned infrastructure.

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Snapshot

Key terms and identifiers.

Asset classes
Treasuries
Token standards
erc-20
Regulatory
sec-reg-d, dtcc-settlement-2026, singapore-mas
Jurisdiction
USAPAC
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Connections

Who they build with, build on, integrate with.