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 developer and provider of an enterprise blockchain platform specifically designed for financial institutions. The company offers a hosted platform that enables these institutions to create blockchain-based applications using application programming interfaces (APIs) and software development kits (SDKs). Blockstack.io utilizes a combination of open-source and proprietary technologies to establish a private blockchain environment for known participants. Its customizable solutions incorporate features such as multi-signature security and the integration of external components, facilitating the development of advanced blockchain applications tailored to the needs of the financial services sector. Blockstack.io was acquired by Digital Asset in 2015.

Bits of Proof is a technology company based in Budapest, Hungary, specializing in the integration of applications within the bitcoin network. Founded in 2013, the company offers a range of products designed to enhance the functionality of bitcoin transactions. Its offerings include the BOP bitcoin Server, a modular implementation of the bitcoin protocol; BopShop, which serves as a bitcoin payment processor for both online and in-person transactions; and BeBop, an Android wallet. Additionally, Bits of Proof provides a software platform that supports various bitcoin applications, including web wallets secured with hardware devices and a white-label merchant platform, enabling clients to access quality 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.