Digital Asset

Digital Asset

Blockchain technology for financial applications

About Digital Asset

Simplify's Rating
Why Digital Asset is rated
A-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A on Differentiation

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 operates in the financial technology sector, focusing on blockchain technology to enhance global connectivity for organizations. Their main product, the Canton Network, is an open blockchain network designed for highly regulated industries, allowing for secure information and value exchange. Digital Asset's applications are built on Daml, a platform for creating multi-party applications that run on the Canton network. 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 organizations to operate beyond traditional boundaries.

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Simplify's Take

What believers are saying

  • Collaboration with Euroclear highlights potential in modernizing financial market infrastructures.
  • Partnership with Ownera indicates growing demand for tokenization software, boosting adoption.
  • Strategic collaboration in MENA region could expand market presence in a growing fintech landscape.

What critics are saying

  • Emerging blockchain platforms could erode Digital Asset's market share.
  • Rapid technological advancements may outpace Digital Asset's current offerings.
  • Potential regulatory changes could impact operations and require business model adjustments.

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 businesses to experiment without production operation costs, enhancing innovation.

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Funding

Total Funding

$307.2M

Above

Industry Average

Funded Over

5 Rounds

Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.
Series D Funding Comparison
Above Average

Industry standards

$77M
$70M
Twilio
$80M
Handshake
$100M
Affirm
$120M
Digital Asset

Growth & Insights and Company News

Headcount

6 month growth

↑ 0%

1 year growth

↑ 1%

2 year growth

↑ 0%
TahawulTech
Apr 24th, 2025
MENA Fintech Association and D2A2 to accelerate digital asset innovation in MENA

Dubai - The MENA Fintech Association (MFTA) announced a strategic collaboration with the Digital Asset and Decentralised Applications Association (D2A2) on Thursday, aimed at propelling innovation in the digital asset space and advancing Web3 growth across the Middle East and North Africa.

LJSB
Feb 26th, 2025
Euroclear launches tokenized collateral initiative with Digital Asset

Today Euroclear announced a new initiative for tokenized collateral with DLT firm Digital Asset.

PR Newswire
Jan 16th, 2025
The Canton Network and QCP Announce Crypto Derivatives Margining Collaboration

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.

CoinTrust
Oct 4th, 2024
World Gold Council Embraces Blockchain for Tokenized Assets in New Pilot

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.

The Block
Sep 10th, 2024
Crypto ETFs from State Street and Galaxy Digital begin trading

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.

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