Digital Asset (or Digital Asset Holdings, LLC) is a financial technology company founded in 2014 by Sunil Hirani, Don R. Wilson, Yuval Rooz, Shaul Kfir and Eric Saraniecki. It builds products based on

distributed ledger A distributed ledger (also called a shared ledger or distributed ledger technology or DLT) is a system whereby replicated, shared, and synchronized digital data is geographically spread (distributed) across many sites, countries, or institutions. I ...

technology (DLT) for banks and other financial institutions.

History

Blythe Masters Blythe Sally Jess Masters (née Levett; born 22 March 1969) is a British private equity executive and former financial services and fintech executive. She is a former executive at JPMorgan Chase, where she was widely credited for developing the ...

was CEO from 2015 to 2018, and was succeeded by Yuval Rooz. On June 25, 2015 the Moneybeat column from ''

The Wall Street Journal ''The Wall Street Journal'' (''WSJ''), also referred to simply as the ''Journal,'' is an American newspaper based in New York City. The newspaper provides extensive coverage of news, especially business and finance. It operates on a subscriptio ...

'' wrote that the "acquisition of HyperLedger might raise eyebrows in the bitcoin community, where there is aversion to the idea that

Wall Street Wall Street is a street in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It runs eight city blocks between Broadway (Manhattan), Broadway in the west and South Street (Manhattan), South Str ...

might co-opt blockchain technology and strip it of its

decentralized Decentralization or decentralisation is the process by which the activities of an organization, particularly those related to planning and decision-making, are distributed or delegated away from a central, authoritative location or group and gi ...

nature." In November 2021,

Goldman Sachs The Goldman Sachs Group, Inc. ( ) is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered in Lower Manhattan in New York City, with regional headquarters in many internationa ...

announced that it will use Digital Asset's Daml technology for its tokenized asset platform. In May 2022, SBI Holdings made a strategic investment in Digital Asset to build a programmable

Japanese yen The is the official currency of Japan. It is the third-most traded currency in the foreign exchange market, after the United States dollar and the euro. It is also widely used as a third reserve currency after the US dollar and the euro. Th ...

Daml

Daml is an

open-source Open source is source code that is made freely available for possible modification and redistribution. Products include permission to use and view the source code, design documents, or content of the product. The open source model is a decentrali ...

smart contract A smart contract is a computer program or a Transaction Protocol Data Unit, transaction protocol that is intended to automatically execute, control or document events and actions according to the terms of a contract or an agreement. The objective ...

language inspired by

Haskell Haskell () is a general-purpose, statically typed, purely functional programming language with type inference and lazy evaluation. Designed for teaching, research, and industrial applications, Haskell pioneered several programming language ...

. It aids in modeling agreements and runs on

blockchain The blockchain is a distributed ledger with growing lists of Record (computer science), records (''blocks'') that are securely linked together via Cryptographic hash function, cryptographic hashes. Each block contains a cryptographic hash of th ...

platforms.

References

External links

* {{Official website, http://digitalasset.com/
Official Daml product website

Official Daml Forum
Blockchain entities Companies based in New York City