Digital Asset

Elevence Digital Finance is a startup focused on creating a modeling language designed to define rights and obligations within financial agreements. This innovative language can articulate various rights and obligations, encompassing cash, securities, and derivatives, particularly in the context of blockchain collaboration agreements. By clearly outlining the considerations between involved parties, the language facilitates a comprehensive understanding of contractual relationships and their potential evolution over time.

Blockstack.io is a provider of a hosted platform designed for financial institutions to develop blockchain-based applications. Utilizing application programming interfaces (APIs) and software development kits (SDKs), the company offers a customizable enterprise software solution that incorporates both open-source and proprietary technologies. Its platform facilitates the creation of private blockchains for a defined group of participants, enabling features such as multi-signature security and integration of external components. Acquired by Digital Asset in 2015, Blockstack.io specializes in enabling financial services to build advanced blockchain applications.

Bits of Proof is a technology company based in Budapest, Hungary, established in 2013, that specializes in the integration of applications within the bitcoin network. The company offers a suite of products, including the BOP bitcoin Server, which serves as a modular implementation of the bitcoin protocol, and BopShop, a payment processor designed for both online and in-person transactions. Additionally, Bits of Proof has developed BeBop, an Android wallet. The company aims to support a variety of bitcoin applications, including secure web wallets and merchant platforms, providing clients with reliable services at competitive prices.

Hyperledger is a new technology to allow banks to clear and settle in real-time without the need for a central party via distributed ledgers. By removing the need for these intermediaries, Hyperledger reduces costs, delays, and settlement risk. For the first time, financial institutions can create private shared databases among known entities. By providing an open standard for value transfer, Hyperledger can integrate with existing systems to break down silos and increase liquidity. Hyperledger is the only platform of its type not to have a built-in cryptocurrency or singular public network. Hyper is the commercial entity supporting the open-source Hyperledger Value Transfer Protocol. They are working with financial institutions, consortia of banks and start-ups to deliver solutions to mitigate settlement risk, reduce costs and delays across multiple financial instruments; from FX, Interest Rate Swaps, Securities, to correspondent banking.