Key Takeaways
- • Goldman Sachs is now utilizing Equilend 1Source, the distributed ledger technology platform for securities finance, according to a press release issued by Equilend on October 28, 2026.
- • Goldman Sachs joins BNY and National Bank of Canada, which previously began transmitting live transactions onto the 1Source ledger in October of the prior year.
- • Equilend states the platform reduces breaks, eliminates reconciliations, and removes accrual errors, third-party comparison fees, and settlement shortfalls that affect participants' P&L.
- • Per third-party estimates cited by Equilend, 1Source has the potential to save industry participants hundreds of millions of dollars.
- • Additional counterparties are in the process of adopting 1Source, which Equilend says will benefit all platform members.
Summary
Equilend, a global financial technology, data and analytics company serving the securities finance industry, announced on October 28, 2026 that Goldman Sachs is using Equilend 1Source, according to a PRNewswire release. The platform is a distributed ledger technology (DLT) system designed to increase efficiency, reduce transaction breaks and eliminate reconciliations in securities finance. Goldman Sachs joins BNY and National Bank of Canada, which had announced earlier that they had begun transmitting live transactions onto the 1Source ledger the previous October.
Equilend describes 1Source as establishing a single, golden source of truth for securities lending and financing transactions. The platform was developed by Equilend with input from a group of leading market participants, with the stated aim of improving costs, automation and overall efficiency. Equilend says the platform improves users' profit and loss by eliminating accrual errors, reducing third-party comparison fees and improving settlement rates.
Rich Grossi, CEO of Equilend, described Goldman Sachs as one of the industry's largest borrowers and said its involvement would drive greater platform benefit by reducing costs and increasing operational efficiency. Equilend also said additional counterparties are in the process of adopting 1Source. According to third-party estimates cited by the company, the platform has the potential to save industry participants hundreds of millions of dollars through operational efficiency, optimized costs and improved profitability. These savings figures are estimates and have not been independently verified in the release.
Equilend describes 1Source as establishing a single, golden source of truth for securities lending and financing transactions. The platform was developed by Equilend with input from a group of leading market participants, with the stated aim of improving costs, automation and overall efficiency. Equilend says the platform improves users' profit and loss by eliminating accrual errors, reducing third-party comparison fees and improving settlement rates.
Rich Grossi, CEO of Equilend, described Goldman Sachs as one of the industry's largest borrowers and said its involvement would drive greater platform benefit by reducing costs and increasing operational efficiency. Equilend also said additional counterparties are in the process of adopting 1Source. According to third-party estimates cited by the company, the platform has the potential to save industry participants hundreds of millions of dollars through operational efficiency, optimized costs and improved profitability. These savings figures are estimates and have not been independently verified in the release.
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