Startups > Digital Asset

Digital Asset

Digital Asset helps enterprises build multi-party blockchain solutions with atomic cross-chain settlement.
Venture Round $452M-$457M total Founded 2014 New York, New York 279 employees
Digital Asset builds Daml, a smart contract language and distributed ledger platform that enables developers to code multi-party agreements across blockchains, DLTs, and databases. Daml 2.0 includes Canton, a privacy-enabled distributed ledger supporting cross-blockchain atomic transactions. The platform serves financial services, healthcare, and insurance organizations—including 5 of the top 10 stock exchanges—to eliminate reconciliation delays, reduce settlement risk, and enable real-time capital markets infrastructure. The core differentiation is cross-blockchain interoperability: a single transaction can execute an asset transfer on Hyperledger Besu while a payment settles on Hyperledger Fabric.
Problem solved
Capital markets and enterprise networks suffer from settlement delays, reconciliation overhead, and fragmentation across multiple blockchain platforms, creating operational risk and preventing real-time transaction finality.
Target customer
Tier-1 financial institutions, stock exchanges, and enterprise organizations in financial services, healthcare, and insurance requiring regulatory-grade digital asset infrastructure and cross-blockchain interoperability.
Website LinkedIn Crunchbase Twitter / X
Founders
Y
Yuval Rooz
CEO & Co-Founder
Former algorithmic trading desk manager at Citadel and DRW Trading; helped launch DRW Venture Capital.
S
Shaul Kfir
Co-Founder
Cryptography researcher and original co-author of libsnark (zkSNARK library); visiting scientist at MIT CSAIL under Turing Award winner Ron Rivest.
E
Eric Saraniecki
Co-Founder & Head of Network Strategy
Former trader at DRW Trading Group managing low-liquidity commodities desk; co-founder of Cumberland Mining, one of the largest crypto liquidity providers.
D
Don R. Wilson
Co-Founder
DRW Trading Group co-founder; instrumental in early Digital Asset funding.
S
Sunil Hirani
Co-Founder
Limited public background information available.
Funding history
Series B $60M January 2016 Led by Unknown · Unknown
Series C $45M December 2019 Led by Unknown · Salesforce, Samsung, VMware
Series D $120M April 2021 Led by 7RIDGE, Eldridge Industries · Unknown
Series E $135M June 2025 Led by DRW Venture Capital, Tradeweb Markets · BNP Paribas, Circle Ventures, Citadel Securities, DTCC, Goldman Sachs, IMC, Liberty City Ventures, Optiver, Paxos, Polychain Capital, QCP, Republic Digital, 7RIDGE, Virtu Financial
Series E - II Undisclosed December 2025 Led by Unknown · Goldman Sachs, Citi, J.P. Morgan, Salesforce Ventures
Total raised: $452M-$457M
Industries
Blockchain Cryptocurrency Developer Platform Developer Tools FinTech
Pricing
Not publicly available. Daml 2.0 with Canton offered as open-source with freemium model; developers can choose Daml Open Source or Daml Enterprise for additional features and support. Specific pricing tiers not disclosed.
Notable customers
Australian Securities Exchange, BNP Paribas, Broadridge, Change Healthcare, Deutsche Börse, Goldman Sachs, Hong Kong Exchanges and Clearing, IBM, Salesforce
Integrations
Hyperledger Besu, Hyperledger Fabric, AWS, multiple blockchain platforms and database architectures
Tech stack
HTTP/3 HubSpot CMS Hub (CMS) Cloudflare Bot Management (Security) HSTS (Security) Cloudflare (CDN) Amazon S3 (CDN) HubSpot (Marketing automation) DoubleClick Floodlight (Advertising) Amazon Web Services (PaaS)
Website
digitalasset.com/
Competitors
Hyperledger Fabric
General-purpose blockchain framework; Digital Asset's Daml provides higher-level smart contract abstraction and cross-chain atomic settlement capabilities.
Ethereum / Solidity
Ethereum-focused smart contracts on a single chain; Daml enables multi-party business logic across heterogeneous blockchains and databases with privacy-preserving settlement.
R3 Corda
Another distributed ledger for financial institutions; Digital Asset's cross-blockchain interoperability and Canton privacy layer provide stronger multi-chain coordination.
Consensys / ConsenSys Mesh
Broader Ethereum ecosystem and blockchain development tools; Digital Asset targets enterprise multi-party workflows with stronger privacy and regulatory compliance.
Why this matters: Digital Asset has achieved rare large-scale enterprise blockchain adoption, with Goldman Sachs and major stock exchanges live in production. With $452M+ raised and backing from tier-1 financial institutions (Goldman, Citi, JPMorgan, DTCC, Citadel), the company represents the most credible path toward institutional digital asset infrastructure and demonstrates that blockchain can solve real capital markets problems at scale.
Best for: Tier-1 financial institutions, stock exchanges, and regulated enterprises needing to orchestrate complex multi-party digital asset workflows across multiple blockchains with atomic settlement and strong privacy.
Use cases
End-to-End Tokenized Asset Platform
Goldman Sachs deployed GS DAP™ on Daml in January 2023 to manage the full digital lifecycle of tokenized assets across multiple asset classes and blockchains. The platform achieved faster buyer-seller matching, quicker settlements, increased liquidity, and stronger risk management compared to traditional infrastructure.
Cross-Blockchain Atomic Settlement
A financial institution can execute an asset transfer on Hyperledger Besu while the corresponding payment settles on Hyperledger Fabric—all in a single atomic transaction—eliminating reconciliation and reducing settlement risk across disparate blockchain networks.
Digital Instruments Exchange
Deutsche Börse uses Daml for its D7 platform to create and process Digital Instruments, enabling efficient creation, trading, and settlement of new digital asset classes with guaranteed consistency across all participant nodes.
Real-Time Capital Markets Infrastructure
Institutions use Daml to build 24x7 regulatory-grade capital market solutions that eliminate latency, reduce manual reconciliation, and enable real-time settlement—transforming disparate silos into synchronized networks.
Alternatives
Hyperledger Fabric Lower-level blockchain framework requiring more custom development; lacks Daml's multi-party contract abstraction and built-in cross-chain settlement.
R3 Corda Enterprise DLT focused on bilateral contracts; Digital Asset's Canton provides stronger privacy, multi-chain coordination, and broader blockchain compatibility.
Ethereum + Solidity Public blockchain with limited privacy and single-chain settlement; Daml targets regulated enterprises needing cross-blockchain interoperability and compliance-grade confidentiality.
FAQ
What does Digital Asset do? +
Digital Asset develops Daml, a smart contract language and distributed ledger platform enabling developers to code multi-party agreements across blockchains, DLTs, and databases. Daml 2.0 includes Canton, a privacy-enabled distributed ledger supporting atomic cross-blockchain transactions. The platform targets financial services, healthcare, and insurance organizations to eliminate settlement delays, reduce reconciliation overhead, and enable real-time capital markets infrastructure.
How much does Digital Asset cost? +
Pricing is not publicly available. Daml 2.0 with Canton is available as open-source software; developers can choose between Daml Open Source or Daml Enterprise for additional features and support. Contact Digital Asset directly for enterprise pricing.
What are alternatives to Digital Asset? +
Hyperledger Fabric (general-purpose blockchain but requires more custom development), R3 Corda (enterprise DLT focused on bilateral contracts), and Ethereum/Solidity (public blockchain but lacks privacy and cross-chain capabilities). Digital Asset's differentiator is multi-party contract abstraction and atomic cross-blockchain settlement.
Who uses Digital Asset? +
Tier-1 financial institutions and stock exchanges, including Goldman Sachs, Australian Securities Exchange, Deutsche Börse, BNP Paribas, Broadridge, and Hong Kong Exchanges and Clearing. The platform serves 5 of the top 10 stock exchanges globally and is used in financial services, healthcare, and insurance sectors.
What makes Digital Asset different from Hyperledger Fabric or Corda? +
Digital Asset's core differentiation is cross-blockchain atomic settlement—a single transaction can execute simultaneously across different blockchains (e.g., asset on Besu, payment on Fabric). The Daml language provides higher-level multi-party business logic abstraction, and Canton adds privacy-preserving settlement with regulatory compliance. Fabric and Corda are either lower-level frameworks or single-chain focused.
Tags
blockchain distributed ledger smart contracts multi-party settlement cross-chain capital markets digital assets enterprise DLT privacy-preserving regulatory compliance