Digital Asset

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.

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

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

• Enterprise blockchain infrastructure
• Institutional tokenization platform
• Distributed ledger technology
• Smart contract language
• Real-world asset tokenization

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Infrastructure, Operations

Revenue model

1. 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.
2. 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.
3. 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

Core 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

Named customers15 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature7 records

Partnerships

20 partnerships are on record, tiered core, minor and flagship.

• 21sharescoreTechnology or Integration · 7 May 2026Launched 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 SecuritiesminorStrategic or Co-development Partner · 22 April 2026Signed MOU with Digital Asset for collaboration on Canton Network ecosystem and tokenization initiatives in Korean market.
• HQLAxcoreStrategic or Co-development Partner · 21 April 2026Strategic 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 or Co-development Partner · 21 April 2026Strategic 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)coreTechnology or Integration · 20 April 2026Proof 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 TrustcoreStrategic or Co-development Partner · 16 April 2026Agreement to develop custody capabilities for tokenized financial assets on Canton Network, extending Northern Trust's asset servicing model to support tokenized assets.
• TranscendcoreTechnology or Integration · 7 April 2026Connected 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.
• LayerZerocoreTechnology or Integration · 26 March 2026Integration enables traditional financial institutions to route tokenized assets across more than 165 public blockchains while maintaining compliance standards.
• Moody's RatingscoreTechnology or Integration · 17 March 2026Moody'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.
• FireblockscoreTechnology or Integration · 3 February 2026Added 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)coreTechnology or Integration · 16 January 2026LSEG 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 KinexysflagshipStrategic or Co-development Partner · 7 January 2026Bringing 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.
• VisacoreTechnology or Integration · 7 January 2026Visa 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 AmericacoreTechnology or Integration · 10 December 2025Participated in second batch of tokenized Treasury repo trials on Canton Network involving tokenized repos exchanged for USDC stablecoins.
• Société GénéralecoreTechnology or Integration · 10 December 2025Participated in second batch of tokenized Treasury repo trials on Canton Network.
• Franklin TempletoncoreTechnology or Integration · 12 November 2025Expanded Benji platform to Canton Network, enabling tokenized assets to be used for collateral and liquidity among regulated financial institutions.
• BitGocoreTechnology or Integration · 29 October 2025Added custody support for Canton Coin, allowing regulated US institutions to securely hold tokens through qualified custodian with cold-storage and insurance-backed security.
• ChainlinkcoreTechnology or Integration · 25 September 2025Strategic partnership integrating Chainlink's oracle and cross-chain technology into Canton Network, enhancing security, compliance, and scalability. Chainlink Labs acting as Super Validator.
• DTCCflagshipStrategic or Co-development Partner · 24 June 2025Participated 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.
• EuroclearflagshipStrategic or Co-development Partner · 25 February 2025Partnership 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

Emerging 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

• Xx.com/digitalassetcom
• YouTubeyoutube.com/@digitalassetcom
• LinkedInlinkedin.com/company/digital-asset-holdings-llc

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds10 records

Investors57 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Digital Asset