Digital Asset
Digital Asset builds the Canton Network, a privacy-enabled public Layer 1 blockchain, and the Daml smart contract language, enabling major banks, market infrastructure providers, custodians, and asset managers to tokenize real-world assets and execute atomic settlement across 700+ institutional participants.
- Company typePrivate
- Founded2014
- HeadquartersNew York, United States
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What Digital Asset does
Digital Asset is a New York-headquartered blockchain infrastructure company that builds the Canton Network, a public Layer 1 blockchain with institutional-grade privacy features, and Daml, a smart contract language purpose-built for financial applications. The company serves large financial institutions—commercial and investment banks, central counterparties and securities depositories, custodians, asset managers, market infrastructure operators, and digital cash issuers—enabling them to tokenize real-world assets, execute atomic delivery-versus-payment settlement, and interoperate across market participants without bridges or shared validators. The platform supports use cases spanning U.S. Treasury repo, syndicated loans, fixed income, derivatives, carbon credits, and collateral mobility, with more than $6 trillion in tokenized real-world assets and $4 trillion in monthly transaction volume processed by 700+ institutional participants.
The product suite is organized as a platform-plus-modules architecture: Access (network and validator connectivity), Tokenize (pre-built smart contracts for asset issuance), Mobilize (on-chain collateral and financing apps), and Build (developer tools for custom applications and subnets). Supporting utilities include tokenization, credentials/billing (with Canton Coin as utility token), collateral automation, and financing applications. Digital Asset monetizes through enterprise software licenses and subscriptions, professional services for implementation, and indirectly through network transaction fees on Canton. Distribution combines direct enterprise field sales with system-integrator partnerships (Accenture, BCG, Deloitte, EY, GFT, Oliver Wyman) and a developer self-service portal.
Digital Asset has raised approximately $820 million since 2014 across multiple rounds, including a $355 million Series F at a $2 billion post-money valuation in June 2026 led by a16z crypto. The company reports being profitable—an outlier among blockchain infrastructure competitors—and operates from offices in New York, London, Zurich, Budapest, Sydney, and Hong Kong. Its customer roster includes Goldman Sachs, JPMorgan/Kinexys, HSBC, DTCC, Broadridge, BNY, Nasdaq, S&P Global, Euroclear, LSEG, Moody's, Northern Trust, and Franklin Templeton.
Digital Asset firmographics
Firmographics- Name
- Digital Asset
- Legal name
- Digital Asset Holdings, LLC
- Website
- https://digitalasset.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Digital Asset builds the Canton Network, a privacy-enabled public Layer 1 blockchain, and the Daml smart contract language, enabling major banks, market infrastructure providers, custodians, and asset managers to tokenize real-world assets and execute atomic settlement across 700+ institutional participants.
- Ownership category
- akta.pro rank
Digital Asset industry classification
Industry- Product category
- Enterprise Blockchain Infrastructure
- NAICS
- Securities and Commodity Exchanges (52321), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Other Financial Vehicles (52599)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- RWA Tokenization Platforms (asset onboarding, structuring, issuance) (FSAPAIAC)
- akta.pro secondary industries
- Tokenized Securities & Capital Markets Infrastructure (equities, bonds, funds, ATS/MTF connectivity) (FSAPAIAD), Transfer Agent, Cap Table & Token Lifecycle Management (registrar, corporate actions, burns/mints) (FSAPAIAF), Smart Contract & Token Operations Infrastructure (Lifecycle, Corporate Actions) (FSAGAMAH), Interoperability & Cross-Chain Infrastructure (Bridges, Messaging, Atomic Swaps) (FSAGAMAI), Enterprise Payments & Tokenized Money (stablecoins, tokenized deposits, CBDC rails) (FSAPAIAJ)
Keywords
Where Digital Asset is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices6 records
Markets served
Digital Asset business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Infrastructure, Operations
Revenue model
- Enterprise Software Licenses and Subscriptions: Provides enterprise tools, accelerators, and developer tools to build regulatory-grade solutions on the Canton Network. Products include Access (validator nodes), Tokenize (tokenization utility), Mobilize (collateral and financing apps), and Build (custom app development). Revenue likely generated through software licensing, platform fees, and professional services for enterprise deployments.
- Network Transaction Fees: Canton Network generates $2.5-3 million in daily fees through network usage. The network processes over $4 trillion in monthly volume and supports tokenized real-world assets. Canton Coin (CC) serves as the network utility token with burning mechanisms and revenue distribution to network builders.
- Professional Services: Professional services team works directly with clients on the build and implementation of Daml-based solutions, including consulting, integration, and ongoing support.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
Digital Asset product offering
Product offeringCore offering
Digital Asset provides enterprise blockchain infrastructure through the Canton Network, a public Layer 1 blockchain with institutional-grade privacy designed for regulated financial markets, combined with the Daml smart contract language purpose-built for finance. The company offers a suite of enterprise tools including Access (network connectivity and validators), Tokenize (RWA tokenization utility), Mobilize (collateral and financing apps), and Build (custom app development) to enable tokenized real-world assets, atomic settlement, and interoperability across financial institutions.
Product overview
Digital Asset provides a platform-plus-modules architecture centered on the Canton Network, a public Layer 1 blockchain with institutional-grade privacy. The core offering includes Daml, a smart contract language purpose-built for finance. The product suite consists of four main modules: Access (for connecting to the network and validators), Tokenize (for accelerating privacy-enabled asset tokenization), Mobilize (for on-chain collateral and financing applications), and Build (for creating custom applications and subnets). Supporting utilities include the Tokenization Utility, Credentials Utility, Collateral App, and Financing App. The platform enables tokenized real-world assets, atomic settlement, and interoperability across financial institutions with over $6T in tokenized assets and $4T monthly transaction volume.
Differentiator
Problem solved
Functional benefit
Brands
- Canton Network: The only public Layer 1 blockchain with privacy, designed for institutional finance and regulated capital markets.
- Daml
- Digital Asset Utilities
Products and services
- Canton Network Public Layer 1 blockchain with institutional-grade privacy, designed specifically for regulated financial markets. Supports tokenized real-world assets, atomic settlement, and interoperability across financial institutions with over $6T in tokenized assets and $4T monthly transaction volume.
- Daml Smart contract language designed specifically for finance, providing regulatory-grade digital assets with granular privacy and compliance controls. Open-sourced and used to build applications for distributed ledger technology.
- Access Enterprise product to connect to Canton Network, spin up validators, and access institutional-grade apps, tokenized assets and cash with complete privacy and control.
- Tokenize Tokenization Utility providing pre-built smart contract apps and token standards for accelerating privacy-enabled tokenization of real-world assets on Canton Network, including bonds, money market funds, commodities, mortgages, and insurance products.
- Mobilize Cloud apps for on-chain use cases enabling conversion of tokenized collateral, privacy-enabled crypto assets and stablecoins anytime, anywhere with privacy, including collateral and financing applications for 24/7 markets.
- Build Enterprise suite of developer tools for creating custom smart contract applications and custom subnets on the Canton Network.
- Collateral App Application for on-chain margin automation for institutional crypto trading, enabling collateral mobilization with real-time 24x7 margin regime.
- Financing App Application for 24/7 on-chain financing enabling global collateral network participation and instant convertibility between tokenized real-world assets and stablecoins.
- Tokenization Utility Pre-built smart contract app and token standard for issuing, administering, transferring, and distributing digital assets on Canton with composable building blocks.
Quantifiable outcome
- Settlement time reduced from T+5 to under 60 seconds
- +4 more outcomes
Companies that use Digital Asset
Customer profileNamed customers15 records
Segments5 records
Ideal customer profiles4 records
Digital Asset technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature7 records
Digital Asset partnerships and signals
Strategic signalPartnerships
20 partnerships are on record, tiered core, minor and flagship.
- 21sharescoreLaunched 21shares Canton Network ETF (Ticker: TCAN) on NASDAQ - first U.S. ETF offering direct exposure to Canton Coin. 21shares serving as active validator on network.
- Hanwha SecuritiesminorSigned MOU with Digital Asset for collaboration on Canton Network ecosystem and tokenization initiatives in Korean market.
- HQLAxcoreStrategic minority investment from Digital Asset in Series C-1 round. HQLAx planning migration to Canton Network for enhanced interoperability in global securities finance and repo ecosystem.
- Broadridge Financial SolutionscoreStrategic minority investment in HQLAx alongside Digital Asset. Deep collaboration with Broadridge's Distributed Ledger Repo (DLR) platform processing over $1.5 trillion monthly.
- Japan Securities Clearing Corporation (JSCC)coreProof of concept with Mizuho Financial Group, Nomura Holdings, and Digital Asset testing Japanese government bonds as digital collateral on Canton Network for 24/7 real-time settlement.
- Northern TrustcoreAgreement to develop custody capabilities for tokenized financial assets on Canton Network, extending Northern Trust's asset servicing model to support tokenized assets.
- TranscendcoreConnected to Canton Network enabling real-time mobility of tokenized assets across traditional and decentralized finance. Building two-way APIs and node-as-a-service capabilities.
- LayerZerocoreIntegration enables traditional financial institutions to route tokenized assets across more than 165 public blockchains while maintaining compliance standards.
- Moody's RatingscoreMoody's Ratings launched Token Integration Engine (TIE), becoming first credit rating agency to ingest analytical data and share credit insights on-chain by operating a node on Canton Network.
- FireblockscoreAdded custody support for Canton Coin, enabling regulated US institutions to custody and settle assets through Fireblocks' platform and NYDFS-chartered trust entity.
- London Stock Exchange Group (LSEG)coreLSEG Digital Settlement House (DiSH) launched following successful PoC with Digital Asset. Platform enables 24/7 settlement across multiple currencies using commercial bank deposits tokenized on blockchain.
- JPMorgan KinexysflagshipBringing USD JPM Coin (JPMD) natively to Canton Network, enabling institutional clients to issue, transfer, and redeem digital dollar deposits on blockchain. Integration rolling out in phases through 2026.
- VisacoreVisa designated as super validator in Canton Network and expanded stablecoin settlement pilot to include Canton. Visa's $7 billion annualized stablecoin settlement now supports Canton.
- Bank of AmericacoreParticipated in second batch of tokenized Treasury repo trials on Canton Network involving tokenized repos exchanged for USDC stablecoins.
- Société GénéralecoreParticipated in second batch of tokenized Treasury repo trials on Canton Network.
- Franklin TempletoncoreExpanded Benji platform to Canton Network, enabling tokenized assets to be used for collateral and liquidity among regulated financial institutions.
- BitGocoreAdded custody support for Canton Coin, allowing regulated US institutions to securely hold tokens through qualified custodian with cold-storage and insurance-backed security.
- ChainlinkcoreStrategic partnership integrating Chainlink's oracle and cross-chain technology into Canton Network, enhancing security, compliance, and scalability. Chainlink Labs acting as Super Validator.
- DTCCflagshipParticipated in $135 million round. Strategic partnership to tokenize DTC-custodied U.S. Treasury securities on Canton Network using DTCC's ComposerX platform. MVP targeted for 2026.
- EuroclearflagshipPartnership for Global Collateral Network applying Euroclear's collateral management expertise to digital and crypto markets. Phase one launched with industry participants outlining roadmap.
Scale indicators16 records
Recent moves6 records
Expansion highlights7 records
Digital Asset competitors and assessment
Company assessmentEmerging players
- Fireblocks: Fireblocks provides digital asset custody, settlement, and tokenization infrastructure for institutions; it is both a Canton partner (custody support for Canton Coin via NYDFS trust) and an adjacent competitor in the institutional digital asset stack.
- Ondo Finance: Ondo is a leading RWA tokenization platform focused on tokenized U.S. Treasuries and yield products, overlapping with Canton's tokenized Treasury repo and money market fund use cases but primarily on public chains rather than Canton's permissioned architecture.
- JPMorgan Kinexys (formerly Onyx): JPMorgan's institutional blockchain platform (JPM Coin, Tokenized Collateral Network) competes with Canton in tokenized deposits, repo, and collateral mobility, while simultaneously integrating with Canton via JPMD — making it both a partner and a competitor for institutional tokenization workloads.
- Polygon Labs: Polygon provides enterprise-grade Ethereum scaling and a PoS chain that several institutional tokenization projects (including some Canton-relevant RWA issuers) use as their settlement layer, competing for the same institutional RWA workload.
- Ava Labs (Avalanche): Avalanche's Evergreen subnets target institutional tokenization with customizable, compliant environments, offering an alternative architecture for the same banks and asset managers Digital Asset is courting.
- BitGo: BitGo is a qualified institutional digital asset custodian that now supports Canton Coin custody, competing in the institutional digital asset servicing stack while also serving as a Canton ecosystem participant.
Direct peers
- Hyperledger (Linux Foundation Decentralized Trust): Hyperledger is an open-source consortium blockchain initiative used by many of the same financial institutions and consortia that Canton targets (including DTCC and Broadridge), making it a direct competing framework for enterprise tokenization and interbank settlement.
- R3: R3 operates Corda, an enterprise-grade distributed ledger technology platform focused on regulated financial institutions, with tokenization, digital asset, and confidential smart contract use cases that directly compete with Digital Asset's Daml and Canton Network.
Others
- Chainlink Labs: Chainlink is a Super Validator on Canton and provides oracle and cross-chain infrastructure; it is a strategic partner but also a comparable infrastructure provider across other institutional blockchain ecosystems.
Broad incumbents
- Broadridge Financial Solutions: Broadridge is a major financial market infrastructure provider whose Distributed Ledger Repo (DLR) platform processes >$1.5T in monthly repo volume on Canton; it is both a strategic partner and a broad incumbent with adjacent capabilities in post-trade, data, and communications.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat7 records
Key risks6 records
Key highlights7 records
Customer concentration
Digital Asset social profiles
Digital presenceDigital Asset compliance and trust
Trust signalCompliance4 records
Digital Asset financial estimates
Financial estimateRevenue estimate
Valuation estimate
Digital Asset leadership team
Management profileNumber of profiles
Profiles12 records
Digital Asset funding detail
Funding detailFunding overview
Funding rounds10 records
Investors57 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Digital Asset M&A and investment
M&A and investmentM&A4 records
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Digital Asset
What does Digital Asset do?
Digital Asset provides enterprise blockchain infrastructure through the Canton Network, a public Layer 1 blockchain with institutional-grade privacy designed for regulated financial markets, combined with the Daml smart contract language purpose-built for finance. The company offers a suite of enterprise tools including Access (network connectivity and validators), Tokenize (RWA tokenization utility), Mobilize (collateral and financing apps), and Build (custom app development) to enable tokenized real-world assets, atomic settlement, and interoperability across financial institutions.
Is Digital Asset a public or private company?
Digital Asset is a private company. It is classified as venture growth investor backed and is currently operating.
When was Digital Asset founded?
Digital Asset was founded in 2014. It employs 101 to 250 people.
Where is Digital Asset based?
Digital Asset is headquartered in New York, United States, in the North America region.
How does Digital Asset make money?
Three revenue lines are on record. Enterprise Software Licenses and Subscriptions are the primary driver. The others are network Transaction Fees and professional Services.
Who are Digital Asset's main competitors?
Emerging players on record are Fireblocks, Ondo Finance, JPMorgan Kinexys (formerly Onyx), Polygon Labs, Ava Labs (Avalanche) and BitGo. Direct peers are Hyperledger (Linux Foundation Decentralized Trust) and R3. Chainlink Labs is listed as an others. Broadridge Financial Solutions is listed as a broad incumbent.
Does Digital Asset have an API?
Yes. Digital Asset provides developer documentation at docs.digitalasset.com with APIs for building on the Canton Network. The platform includes Daml, a smart contract language, along with SDK and developer tools. Daml Hub provides cloud-based development environment for Daml applications. Developer documentation is at docs.digitalasset.com.
What industry is Digital Asset in?
Digital Asset's product category is Enterprise Blockchain Infrastructure. Its primary akta.pro industry code is FSAPAIAC, RWA Tokenization Platforms (asset onboarding, structuring, issuance), with a secondary code of FSAPAIAD, Tokenized Securities & Capital Markets Infrastructure (equities, bonds, funds, ATS/MTF connectivity). Its NAICS code is 52321 and its SIC code is 6200.