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Digital Asset

Open blockchain network for regulated finance

Overview

Digital Asset builds technology for financial markets that uses blockchain to move information and value across networks. Its main offerings are the Canton Network, a privacy-enabled open blockchain, and Daml, a platform for building multi-party applications that run on Canton; Daml Enterprise adds global connectivity, while Daml Hub and Daml Open Source support experimentation and private development. Applications run on Canton and are designed for regulated industries, with privacy controls and a framework for scalable, multi-party collaboration. The goal is to expand global commerce by enabling organizations to operate beyond traditional boundaries with secure, connected networks, licensing and services to earn revenue.

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About Digital Asset

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

Industries

Enterprise SoftwareFintechCrypto & Web3Financial Services

Company Size

201-500

Company Stage

Late Stage VC

Total Funding

$822.4M

Headquarters

New York City, New York

Founded

2014

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What believers are saying

  • June 11, 2026 funding raised $355 million from a16z, BNP Paribas, Nasdaq.
  • July-November 2026 brought Tradeweb Treasuries, OpenAssets, and Progmat partnerships.
  • DA Registry already supports over 30 issuers and tokenization platforms on Canton.

What critics are saying

  • Canton adoption depends on institutions changing legacy workflows; stalled integrations kill network effects.
  • Digital Asset still needs repeated commercial volumes beyond pilots like RISE and JGB repos.
  • 2028 U.S. crypto policy reversal threatens institutional momentum and vendor budgets.

What makes Digital Asset unique

  • Canton Network combines privacy, compliance, and atomic settlement for regulated finance.
  • DA Registry launched in 2026, enabling issuance, transfers, and monetization across Canton.
  • Goldman Sachs, DTCC, MUFG, Tradeweb, and OpenAssets validate Digital Asset's institutional moat.

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Funding

Total Funding

$822.4M

Above

Industry Average

Funded Over

10 Rounds

Late VC funding comparison data is currently unavailable. We're working to provide this information soon!
Late VC Funding Comparison Coming Soon

Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Flexible Work Hours

Growth & Insights and Company News

6 month growth

3%

1 year growth

1%

2 year growth

0%
PR Newswire
Nov 5th, 2026
OpenAssets brings "markets-in-a-box" tokenization platform to Digital Asset's Canton Network

OpenAssets has partnered with Digital Asset, creator of the Canton Network, to bring new tokenisation use cases to Canton. The Pittsburgh company will offer its "markets-in-a-box" platform to institutions on the network. OpenAssets will also act as an implementation partner for DA Registry, Digital Asset's tokenisation engine. The registry adds issuance controls, such as allowlists, blocklists, and transfer approvals linked to external KYC and AML monitoring providers. On Canton, only the parties involved can see transactions. Assets can join atomic settlement, collateral management, and cross-application lending. Digital Asset says DA Registry has already enabled more than 30 issuers and tokenisation platforms on Canton.

Gate.com
Oct 8th, 2026
Digital Asset CEO urges crypto adoption to withstand 2028 policy shifts.

Digital Asset CEO urges crypto adoption to withstand 2028 policy shifts. 2026-10-07 21:45:52 Key takeaways. * Yuval Rooz urged crypto industry acceleration of institutional adoption before the 2028 US presidential election. * Digital Asset CEO argued widespread blockchain use would make future policy reversal harder to implement. * SEC and CFTC continue advancing crypto regulations under existing authority following CLARITY Act failure. Digital Asset co-founder and CEO Yuval Rooz stated at Token2049 in Singapore that the crypto industry should accelerate institutional adoption during the current regulatory environment. Rooz argued that widespread blockchain use could make it harder for future administrations to reverse industry progress, specifically referencing the next US presidential election scheduled for Nov. 7, 2028. The statement comes after the CLARITY Act failed to advance in a Senate procedural vote in September, while the Securities and Exchange Commission and Commodity Futures Trading Commission continue pushing ahead with crypto regulations under their existing authority. Rooz compares crypto strategy to Uber and Airbnb entrenchment. Rooz said the industry should make blockchain so widely used that "there is no going back" regardless of what happens in 2028. He compared the opportunity to Uber and Airbnb, arguing both services became entrenched before policymakers could effectively restrict them. "By the time people got their act together and decided, OK, we wanna legislate against those companies, it was too late," Rooz said. Binance and franklin Templeton executives discuss CLARITY Act prospects. Binance co-CEO Richard Teng said at the same Token2049 panel that he hoped the CLARITY Act would still become law. Teng argued that legislation could prevent regulatory backtracking and encourage institutions to enter the market, describing the possibility of reversing current progress as "the biggest fear" for the industry. Franklin Templeton CEO Jenny Johnson said legislation would provide greater certainty but cautioned that the industry should not rely on the CLARITY Act passing. Johnson stated that the SEC and CFTC were already working to provide regulatory clarity, allowing innovation and institutional adoption to continue. Faq. What did Yuval Rooz say at Token2049 in Singapore? Yuval Rooz, Digital Asset co-founder and CEO, stated that the crypto industry should use the current regulatory environment to accelerate institutional adoption. He argued that widespread blockchain use could make it harder for future administrations to reverse the industry's progress, specifically referencing the next US presidential election scheduled for Nov. 7, 2028. What happened to the CLARITY Act in September? The CLARITY Act failed to advance in a Senate procedural vote in September. Following this failure, the Securities and Exchange Commission and Commodity Futures Trading Commission have continued pushing ahead with crypto regulations under their existing authority. Why did Richard Teng describe regulatory reversal as the industry's biggest fear? Binance co-CEO Richard Teng said at Token2049 that he hoped the CLARITY Act would become law because legislation could prevent regulatory backtracking and encourage institutions to enter the market. He described the possibility of reversing current progress as "the biggest fear" for the industry. Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

Digital Asset
Oct 4th, 2026
Digital Asset Announces Strategic Investments from BNY, iCapital, Nasdaq, and S&P Global

Digital Asset, the creator of the Canton Network and a leader in privacy-enabled blockchain technology for global financial markets, today announced a new strategic investment from BNY, iCapital, Nasdaq, and S&P Global

Canton News
Oct 1st, 2026
Yuval Rooz puts institutional use at the centre of Korea's digital asset opportunity.

Yuval Rooz puts institutional use at the centre of Korea's digital asset opportunity. At RealFi X Asia in Seoul, Digital Asset's CEO focused on institutions putting blockchain into everyday use, rather than treating regulation or tokenization totals as proof of adoption. Digital Asset CEO Yuval Rooz put financial institutions' actual use of blockchain at the centre of his RealFi X Asia discussion in Seoul on October 1. His argument was that clear rules are necessary, but do not by themselves create a market. Japan provided his example: regulatory clarity preceded wider adoption, while involvement from large banks and Japan Securities Clearing Corporation in collateral management helped encourage other institutions to participate. For Korea, Rooz pointed to consumers already comfortable with digital assets, new financial technology and overseas equities. He expects that familiarity to support faster adoption if regulation and institutional participation advance together. That is his outlook, not an announced Korean deployment. He also urged a different measure of progress: how much assets are actually moving and being used, rather than simply how much has been tokenized. Institutions need an immediate economic reason to adopt a service, not only a promise of returns years later. The panel at Andaz Seoul Gangnam also included a16z crypto's Maggie Hsu and LayerZero's Lim Jong-gyu. Payroll, remittances and treasury management featured in the broader discussion of services people and businesses would keep using beyond a market cycle.

Xpansiv
Sep 1st, 2026
Talking tokenization: an interview with Xpansiv CEO john melby.

Talking tokenization: an interview with Xpansiv CEO john melby. Latest Updates, Market September 1, 2026 Tokenization is an area of increasing interest and activity in energy and environmental markets. In this article, Xpansiv CEO John Melby shares his perspectives on why interest is rising and how Xpansiv is approaching tokenization and distributed ledger technology. Environmental commodity markets have functioned for years without tokenization. What's changed either in the market, in the technology, or in customer demand, that makes this the right moment for Xpansiv to invest here? Three things have changed, and they've changed roughly at the same time. The first is that tokenization is moving beyond experimentation in parts of the financial system. Institutions are beginning to use distributed ledger infrastructure in areas such as collateral, fixed income, Treasuries, and post-trade processing. Not every use case has proven itself, but the market has progressed far enough to demonstrate that institutional-grade infrastructure can support regulated assets and workflows at scale. While energy and environmental markets are at an earlier stage of adoption, they do not exist in isolation. As capital providers, financial institutions, and market participants increasingly explore tokenized assets and digital workflows, it is important that the infrastructure underpinning environmental commodities is prepared to interoperate with those emerging ecosystems. Institutional platforms have followed, with permissioned networks being used for payment and settlement of several billion dollars daily. In parallel, shared infrastructure layers like the Canton Network - designed for privacy-preserving, multi-institution workflows using Daml smart contracts - are moving into production, processing on the order of hundreds of thousands of daily transactions across financial institutions. On the asset side, tokenized real-world assets have scaled from roughly $5B in 2022 to over $30B this year, led by U.S. Treasuries, private credit, and tokenized funds. [1] The consistent pattern is that where tokenization improves settlement speed, collateral mobility, or access to yield, institutions have committed real balance sheet activity, material evidence that the infrastructure is now commercially viable and scaling. The second is the technology itself. Permissioned, institutional-grade blockchain infrastructure is genuinely different from what existed five to ten years ago. Many distributed ledgers are now designed from the ground up for regulated participants, with privacy and identity built in rather than bolted on. That matters because its customers are never going to put environmental assets onto infrastructure that can't meet their compliance and confidentiality requirements. Until recently, that infrastructure didn't exist at the institutional scale Xpansiv Limited needed. Now it does. The third change is growing recognition that tokenization is only as useful as the data and controls behind it. Putting an asset on a new technology rail does not make the underlying information more reliable. Xpansiv's role is to provide the trusted identifiers, provenance, and market infrastructure that allow environmental assets to be represented and transacted with integrity. That registry-anchored foundation is what can make tokenization useful rather than simply novel. You mentioned growth in the broader financial markets. What is Xpansiv's approach to tokenization in the energy and environmental markets in which it operates? Thousands of companies already depend on its existing infrastructure to transact in these markets, and that infrastructure must keep working without disruption. So Xpansiv Limited is building tokenization and distributed ledger capabilities that complement what Xpansiv Limited already operate, rather than replace it. Its first step is the work Xpansiv Limited announced with Digital Asset to extend its reference data onto the Canton Network. That establishes the identity and provenance layer. From there, Xpansiv Limited'll add tokenization capabilities incrementally, prioritizing use cases where and when customers tell Xpansiv Limited distributed ledger-based settlement or transfer would solve a real problem for them. Xpansiv Limited expect everything to be interoperable. Running two disconnected systems would push complexity onto its customers, which isn't viable. The more interesting question is how interoperability gets implemented, which Xpansiv Limited is spending significant time addressing in close concert with some of its trusted partners. This will require solutions that maintain the trust and scale that Xpansiv Limited has already built and give customers flexibility without added complexity. How will tokenization enable Xpansiv to better serve existing stakeholders? Two principles guide its approach. The first is that no participant in its ecosystem will be required to change how they operate to accommodate tokenization or distributed ledger technology. Customers who want to keep transacting exactly as they do today will be able to. The second is that customers who want to use tokenization should be able to do so without rebuilding their integrations or onboarding into a separate system. Xpansiv Limited is early on the second part, and the capabilities aren't fully in market yet, but its intent is to make adoption an optional and easy choice, not a forced or cumbersome change. As discussed previously, Xpansiv Limited want to provide robust tokenization solutions for stakeholders who want to leverage the benefits of distributed ledger architecture, including flexible interoperability, and full integration across the broader market ecosystem over time. How does Xpansiv approach innovation to stay ahead in the rapidly evolving digital asset landscape? Xpansiv Limited remain clear about what Xpansiv Limited is and what Xpansiv Limited is not. Xpansiv Limited is not a crypto company, and Xpansiv Limited is not trying to become one. Xpansiv Limited is the operator of the market infrastructure platform that serves regulated and voluntary energy and environmental markets, and its job is to make sure that infrastructure keeps pace with how its customers want to transact. That means continuous investment in its platform, selective partnerships where another party has built strong complementary capabilities, and a willingness to move thoughtfully rather than chase every new development. Tokenization is one part of its broader innovation strategy, and AI is another major focus area. AI and distributed ledger technology address different problems, but both depend on the same foundation: trusted, structured, high-integrity data. Xpansiv Limited is investing in AI capabilities aggressively, to simplify onboarding, improve data quality, surface insights, and reduce the operational burden of participating in these markets. Tokenization can provide additional flexibility in how verified assets and data connect with emerging financial infrastructure, but ultimately, Xpansiv Limited is innovating with new technologies to improve the customer experience or enable a clearly defined market need. This approach has enabled Xpansiv Limited to develop a scalable, secure, and interoperable end-to-end platform to pursue the many exciting opportunities in energy and environmental commodity markets. If you are operating in these markets and have thoughts on where distributed ledger technology can enhance current market infrastructure, please reach out to Xpansiv Limited today via its Contact page.

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