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About Digital Asset
Industries
Fintech
Crypto & Web3
Company Size
201-500
Company Stage
Series D
Total Funding
$307.2M
Headquarters
New York City, New York
Founded
2014
Overview
Digital Asset focuses on blockchain technology to enhance global connectivity for organizations, primarily through its Canton Network, which is designed for regulated industries. Their applications are built on Daml, a platform for creating multi-party applications, and they offer tools like Daml Enterprise and Daml Hub for businesses to test features and synchronize operations. Clients include major financial institutions like Goldman Sachs, which use Daml for tokenized asset infrastructure. The company's goal is to unlock the economic potential of a more interconnected world.
Simplify's Take
What believers are saying
- Tokenization of real-world assets opens new markets for Digital Asset.
- Canton Network's crypto derivatives margining collaboration expands reach in derivatives market.
- Interoperability tech launch enhances Digital Asset's platform capabilities and integration.
What critics are saying
- Increased competition from new blockchain platforms like Metal Blockchain challenges market position.
- Crypto ETFs by State Street and Galaxy Digital may divert potential clients.
- Scalability and integration challenges in tokenized asset distribution could impact delivery.
What makes Digital Asset unique
- Digital Asset's Daml platform enables synchronized networks, reducing latency and errors.
- Canton Network offers privacy and controls for regulated industries, ideal for financial markets.
- Daml Hub allows experimentation without production costs, enhancing innovation and flexibility.
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Funding
Total Funding
$307.2M
Above
Industry Average
Funded Over
5 Rounds
Industry standards
Growth & Insights and Company News
6 month growth
↓ -1%1 year growth
↑ 0%2 year growth
↑ 0%Today Euroclear announced a new initiative for tokenized collateral with DLT firm Digital Asset.
ZURICH, Jan. 16, 2025 /PRNewswire/ - The Canton Network today announced the initiation of a project in partnership with Digital Asset, QCP, and a select group of their counterparties as the initial users.
The World Gold Council (WGC), in collaboration with Digital Asset and other prominent industry players, has successfully completed a pilot program that demonstrates the potential of tokenizing real-world assets (RWAs) like gold, gilts, and Eurobonds using blockchain technology.
Through a partnership, state Street global advisors, one of the world's largest investment managers, and galaxy Digital have launched three exchange-traded funds designed to offer investment exposure to a mix of both companies associated with blockchain technology and cryptocurrencies through futures and other etfs.
NEW YORK, July 29, 2024 /PRNewswire/ - Digital Asset, a leading blockchain software provider for the world's largest financial institutions, market infrastructures and technology providers, today announced Matthew Hoffmann has joined as its Director of Regulatory and Government Affairs.
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About Digital Asset
Industries
Fintech
Crypto & Web3
Company Size
201-500
Company Stage
Series D
Total Funding
$307.2M
Headquarters
New York City, New York
Founded
2014
There are no jobs for Digital Asset right now.
Find jobs on Simplify and start your career today
People Also Viewed
Discover companies similar to Digital Asset