Equilend confirms Goldman Sachs is using its 1Source ledger

Equilend said on 28 October that Goldman Sachs is using its 1Source securities-finance ledger, alongside BNY and National Bank of Canada. The two lenders began submitting live transactions in October 2025, according to the release. The announcement confirms Goldman’s use of the shared transaction-record system without giving its first transaction date.[1]

Equilend’s 30 October 2025 launch account had already identified Goldman, BNY Mellon and National Bank of Canada as partners onboarding their US books. This week’s statement therefore updates the adoption story; it does not establish the start of a newly disclosed relationship.[3]

Where the shared record changes the workflow

1Source’s current documentation describes one agreed record for the two sides of a securities-financing trade. Both receive the same affirmed terms; changes such as a revised lending rate, a return or a recall are recorded and notified to connected participants. Reference data is kept consistent so the parties identify the security and terms in the same way.[2]

A rate change illustrates the operational purpose. If borrower and lender carry different rates, their financing-charge calculations can diverge. Recording the agreed revision once gives both a common input for those calculations. The benefit depends on the relevant counterparties and transactions being connected to that record.[2]

The platform runs on the Canton Network. Its current description concentrates on affirmation and the trade lifecycle; it does not identify which of Goldman’s transactions use each function.[2]

A staged rollout, with scope still material

The 2025 plan started with North American equities against cash collateral and described wider asset coverage, non-cash collateral and other regions as subsequent steps. Those historic intentions do not establish that Goldman’s newly confirmed use includes every asset class or geography.[3]

Equilend says more counterparties are adopting 1Source and promotes savings from fewer accrual discrepancies and comparison fees. The latest release provides no Goldman-specific transaction volume, share of business, settlement-failure rate or cost comparison. Its confirmation of use leaves the scale and measured effect of that adoption unreported.[1]

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