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About Digital Asset
Industries
Fintech
Crypto & Web3
Company Size
201-500
Company Stage
Series D
Total Funding
$298.8M
Headquarters
New York City, New York
Founded
2014
Overview
Digital Asset operates in the financial technology sector, focusing on blockchain technology to enhance global connectivity for organizations. Their main product is the Canton Network, an open blockchain network designed for highly regulated industries, ensuring privacy and control for financial markets and institutional assets. Digital Asset's applications are built on Daml, a platform for creating multi-party applications that run on the Canton blockchain. They also offer Daml Enterprise for scalable solutions, Daml Hub for experimentation without production costs, and Daml Open Source for privacy and development tools. Their clients include major financial institutions like Goldman Sachs and FCX, and they generate revenue through technology licensing, managed services, and consulting. The company's goal is to unlock economic potential by enabling seamless information and value exchange across borders.
Simplify's Take
What believers are saying
- Increased adoption of tokenized assets in traditional finance boosts Digital Asset's market potential.
- Partnerships with major financial institutions enhance credibility and business opportunities.
- Interoperability tech for Canton Network suggests more integrated blockchain solutions.
What critics are saying
- Regulatory scrutiny may increase due to crypto derivatives margining collaboration.
- Technical vulnerabilities could arise from Canton Network's interoperability tech launch.
- Competitive pressures exist in tokenized asset distribution with other blockchain providers.
What makes Digital Asset unique
- Digital Asset's Daml platform enables synchronized networks, reducing latency and errors.
- Canton Network offers privacy-enabled blockchain solutions for regulated industries.
- Daml Hub allows businesses to experiment without production operation costs.
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Funding
Total Funding
$298.8M
Above
Industry Average
Funded Over
5 Rounds
Industry standards
Growth & Insights and Company News
6 month growth
↓ -1%1 year growth
↓ -1%2 year growth
↑ 0%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.
Ownera has partnered with Digital Asset, a provider of blockchain and tokenisation software, to offer scalable, industry-wide distribution of tokenised assets.
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About Digital Asset
Industries
Fintech
Crypto & Web3
Company Size
201-500
Company Stage
Series D
Total Funding
$298.8M
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