Digital Asset is a New York-based company that specializes in distributed ledger technology aimed at enhancing financial processes. Founded in 2014 by Don Wilson, Eric Saraniecki, Sunil Hirani, and Yuval Rooz, the company provides a platform known as Daml, which allows organizations to create multi-party solutions that integrate previously isolated systems into cohesive networks. This technology eliminates latency and reduces errors by ensuring consistent data across various stakeholders. Digital Asset primarily serves sectors such as financial services, healthcare, and insurance, and has collaborated with five of the top ten stock exchanges. The company is supported by a range of strategic investors, including prominent firms like Salesforce, Samsung, and J.P. Morgan, positioning it as a leader in the development of tools for secure and efficient asset tracking and settlement.
Elevence Digital Finance, a startup that has developed a modelling language for determining rights and obligations.
Blockstack.io
Acquisition in 2015
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
Acquisition in 2015
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.
Hyper
Acquisition in 2015
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.
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