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 an enterprise blockchain platform designed for financial institutions to develop blockchain-based applications. The company offers a hosted platform utilizing application programming interfaces (APIs) and software development kits (SDKs), incorporating both open-source and proprietary technologies to facilitate the creation of private blockchains for known participants. Blockstack’s customizable solutions feature multi-signature security and the integration of external components, enabling financial services to build advanced blockchain applications. In 2015, Blockstack.io was acquired by Digital Asset.

Bits of Proof Zrt. is a technology company based in Fót, Hungary, specializing in enterprise Bitcoin software solutions. Its key offerings include the BOP Bitcoin Server, a modular implementation of the Bitcoin protocol that supports the deployment of extensions and applications on the network, and the BOP Bitcoin Client Library, which provides wallet and key management functions for integration into applications. Additionally, the company operates BopShop, a payment processor catering to both online and brick-and-mortar merchants, and the myTREZOR server, a wallet server with BIP32 support. It also features Bullion Bitcoin, a real-time exchange allowing institutional investors to trade physical gold bullion and Bitcoin. Bits of Proof provides commercial support, maintenance, and hosting services for its open-source software. Since June 2015, it has operated as a subsidiary of Digital Asset Holdings, LLC.

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.