Digital Asset

Blockchain technology for financial applications

New York City, New York, United States

About Digital Asset

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, 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 enhanced privacy and development tools. Clients include major financial institutions like Goldman Sachs and FCX, utilizing Daml for various applications such as tokenized asset infrastructure and cap table management. Digital Asset aims to unlock economic potential by enabling seamless information and value exchange across organizations.

New York City, New YorkHeadquarters
2014Year Founded
$298.8MTotal Funding
SERIES_DCompany Stage
Fintech, Crypto & Web3Industries
201-500Employees

Risks

Emerging blockchain platforms threaten Digital Asset's market share.
Regulatory scrutiny could increase compliance costs for Digital Asset.
Reliance on strategic partnerships may impact business if partners shift priorities.

Differentiation

Digital Asset's Daml platform enables multi-party solutions beyond organizational boundaries.
Canton Network offers privacy and control for regulated industries, enhancing blockchain adoption.
Partnerships with top financial institutions validate Digital Asset's blockchain solutions.

Upsides

Increased adoption of tokenized assets boosts Digital Asset's market potential.
Interoperability tech for Canton Network attracts more institutional clients.
Partnership with Ownera expands market reach in tokenization.