Digital Asset
Digital Asset builds Canton Network, a layer-1 blockchain with institutional-grade privacy, and Daml, a smart contract language for regulated finance. It sells enterprise modules and utilities to banks, exchanges, custodians, and financial market infrastructures for tokenization, settlement, and collateral management.
- Company typePrivate
- Founded2014
- HeadquartersNew York, United States
- Headcount—
- GTM typeB2B
- OfferingSoftware
What Digital Asset does
Digital Asset Holdings, LLC is a private US blockchain infrastructure company founded in 2014 that builds software for regulated financial markets. The company develops and operates Canton Network, a public layer-1 blockchain positioned as the only such chain with institutional-grade privacy, and Daml, a proprietary smart contract language designed specifically for modeling multi-party financial agreements. The platform targets the structural inefficiencies of legacy capital markets — multi-day settlement cycles, siloed data, collateral fragmentation, and restricted 24/7 market access — by enabling tokenized real-world assets, atomic delivery-versus-payment settlement, and cross-border collateral mobility while preserving privacy and regulatory compliance.
The company's product surface is organized in two layers. At the protocol layer, Canton Network and Daml provide the execution environment, supported by 9+ granted US patents covering privacy-preserving distributed execution, cryptographic blinding, digital asset modeling, automated settlement, and privacy-preserving validation. At the application layer, Digital Asset sells four enterprise modules — Access, Tokenize, Mobilize, and Build — alongside four Canton utility modules (Credential, Registry, Collateral, Settlement) that handle on-chain identity, token lifecycle, margin management, and DVP settlement. The technology stack exposes JSON Ledger and gRPC APIs with Auth0-based identity, and integrates with custody, staking, and data providers such as Copper, Zodia, Kiln, Kaiko, DFNS, and Splice. Digital Asset holds ISO 27001:2022, SOC 2 Type II, and CSA STAR Level 1 certifications and was the first blockchain startup to achieve the first two.
Digital Asset monetizes through enterprise software licensing on a subscription basis plus professional services for implementation, with quote-based pricing and no publicly disclosed tiers. The go-to-market is enterprise field sales directed at financial institutions, supported by a formal system integrator channel (Accenture, BCG, Deloitte, EY, GFT Technologies, Oliver Wyman) and cloud distribution (AWS, IBM). The company serves tier-1 capital markets participants including DTCC, Goldman Sachs, JP Morgan, Citi, HSBC, BNP Paribas, Nasdaq, CME Group, Broadridge, Tradeweb, and Circle, with a disclosed ecosystem of 700+ participants and reported network-level outcomes of >$6T tokenized real-world assets, >$4T monthly transaction volume, and >$12B digitally native securities issued. The company maintains offices in New York (HQ), London (European HQ), Zurich, Budapest, Sydney, and Hong Kong, and closed a $355 million funding round in June 2026 led by a16z crypto with 24 institutional participants.
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
- Short description
- Digital Asset builds Canton Network, a layer-1 blockchain with institutional-grade privacy, and Daml, a smart contract language for regulated finance. It sells enterprise modules and utilities to banks, exchanges, custodians, and financial market infrastructures for tokenization, settlement, and collateral management.
- Ownership category
- akta.pro rank
Digital Asset industry classification
Industry- Product category
- Enterprise Blockchain Infrastructure
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Tokenized Securities & Capital Markets Infrastructure (equities, bonds, funds, ATS/MTF connectivity) (FSAPAIAD)
- akta.pro secondary industries
- RWA Tokenization Platforms (asset onboarding, structuring, issuance) (FSAPAIAC), Settlement, Clearing & Reconciliation for Tokenized Assets (DvP, PvP, netting, post-trade) (FSAPAIAI), Tokenized Real-World Assets & On-Chain Treasuries (tokenized T-bills, money markets, cash management) (FSAPAEAJ)
Keywords
Where Digital Asset is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices5 records
Markets served
Digital Asset business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Enterprise Software Licensing: Digital Asset generates revenue through licensing its Daml smart contract platform and Canton Network infrastructure to financial institutions. The company provides enterprise tools and accelerators for building regulatory-grade solutions on Canton.
- Professional Services: Implementation and consulting services for deploying Daml-based solutions and Canton Network integrations with client financial systems.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise licensing model - custom pricing based on organizational scope and requirements |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels6 records
Digital Asset product offering
Product offeringCore offering
Digital Asset develops and licenses the Canton Network, a public layer-one blockchain with institutional-grade privacy, and Daml, a smart contract language purpose-built for financial applications. The company sells enterprise software modules (Access, Tokenize, Mobilize, Build) and on-chain utility modules (Credential, Registry, Collateral, Settlement) that financial institutions use to tokenize real-world assets and modernize clearing, settlement, custody, and collateral workflows. Revenue is generated through software licensing to large banks, exchanges, custodians, and financial infrastructure providers, supplemented by professional services for deployment and integration.
Product overview
Digital Asset provides a platform architecture built around Canton Network, the only public layer-one blockchain with institutional-grade privacy for regulated financial markets. The product suite comprises four core modules (Access, Tokenize, Mobilize, Build) that serve as enterprise tools and accelerators for building regulatory-grade solutions. Underlying these are utility modules including Credential Utility for on-chain identity management, Registry Utility for token lifecycle management, Collateral Utility for margin and pledge management, and Settlement Utility for DVP settlement. Daml is the smart contract language powering applications on Canton. The utilities are available via JSON Ledger API and gRPC APIs, with support for JWT/JWKS authentication. Canton Network enables tokenized real-world assets (>$6T tracked), with >$4T monthly transaction volume and >$12B digitally native securities issued.
Differentiator
Problem solved
Functional benefit
Brands
- Canton Network: The only public layer-one blockchain with institutional-grade privacy, designed for regulated financial markets.
- Daml
Products and services
- Canton Network The only public layer-one blockchain with institutional-grade privacy, designed specifically for regulated financial markets. Enables institutions to use shared infrastructure while preserving privacy, compliance, control, and interoperability required in regulated finance.
- Daml Smart contract language designed to abstract boilerplate and lower-level issues, allowing developers to focus on modeling and securing business workflows. Protected by patents in the US and elsewhere.
- Access Enterprise tool to connect to apps and assets on Canton Network. Part of the enterprise tools and accelerators suite for building regulatory-grade solutions.
- Tokenize Pre-built modules to accelerate tokenization and drive digital asset utility. Enables tokenized real-world assets including bonds, money market funds, and alternative investments.
- Mobilize Cloud apps for on-chain use cases enabling 24/7 markets. Supports collateral mobilization and continuous market operations.
- Build Tools to create custom apps and interoperable subnets on Canton Network. Provides developers with tools for building regulatory-grade blockchain applications.
- Credential Utility On-chain credential management system supporting free and paid credentials, with service monetization capabilities. Manages user onboarding, offboarding, and credential lifecycle.
- Registry Utility Token registry management supporting issuance, transfer, and redemption of tokenized instruments. Includes workflows for mint requests, burn requests, allowlists, and asset recovery.
- Collateral Utility On-chain collateral management for creating collateral agreements, settling margin calls, and managing pledged collateral positions with eligibility schedules.
- Settlement Utility Delivery-versus-payment (DVP) settlement capabilities for executing atomic transfers of digital assets and securities.
- Commercial Agreement Framework for commercial agreements between parties on Canton Network, supporting delegated batched markers and offer workflows.
- Participant Query Store (PQS) SQL querying capability for Daml contracts on Canton Network. Provides architecture, configuration options, SQL API, and optimization capabilities for payload queries.
Quantifiable outcome
- Annual savings of >$3M per repo participant
- +4 more outcomes
Companies that use Digital Asset
Customer profileNamed customers13 records
Segments4 records
Ideal customer profiles2 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
Feature10 records
Digital Asset partnerships and signals
Strategic signalPartnerships
16 partnerships are on record, tiered core.
- DTCCcorePartner to tokenize DTC-custodied U.S. Treasury securities on Canton Network. Using DTCC's ComposerX and Canton's interoperable, privacy-preserving L1. Target for 2026 implementation.
- Goldman SachscoreMajor banking partner in Canton ecosystem, collaborating on capital markets blockchain solutions.
- JP MorgancoreLeading banking partner exploring blockchain-based capital markets infrastructure on Canton.
- NasdaqcoreStock exchange partner exploring blockchain-based market infrastructure.
- CiticoreGlobal banking partner for digital asset and tokenization initiatives on Canton.
- CirclecoreUSDC stablecoin issuer partner integrated with Canton ecosystem for digital asset transactions.
- CME GroupcoreDerivatives marketplace partnership for digital asset infrastructure on Canton.
- AccenturecoreFull-service consulting partner implementing Digital Asset solutions for financial institutions.
- BCGcoreBoston Consulting Group - strategic consulting partner deploying Digital Asset solutions.
- DeloittecoreProfessional services firm consulting partner for Digital Asset implementation.
- EYcoreErnst & Young - consulting partner for Digital Asset solutions deployment.
- GFT TechnologiescoreIT services and software engineering partner implementing Digital Asset solutions.
- Oliver WymancoreManagement consulting partner for Digital Asset strategy and implementation.
- IntellectEUcoreStrategic partner for digital finance solutions integration.
- Amazon Web ServicescoreCloud infrastructure partner for Canton Network deployment.
- IBMcoreTechnology infrastructure partner for blockchain solutions.
Scale indicators9 records
Recent moves6 records
Digital Asset competitors and assessment
Company assessmentEmerging players
- Ondo Finance: Ondo Finance provides tokenized U.S. Treasuries, money market funds, and structured yield products on public chains. It intersects with Digital Asset's Canton-based RWA and Treasury tokenization efforts as a competing issuance venue.
- Chainlink: Chainlink provides cross-chain interoperability, oracle, and tokenization infrastructure used by major institutions for tokenized assets and settlement. Its CCIP and RWA initiatives overlap with Canton's interoperability and settlement value proposition.
Broad incumbents
- Polygon Labs: Polygon offers enterprise-grade L2/sidechain infrastructure for tokenized assets and capital markets, including partnerships with major institutions like BlackRock. It competes with Canton as a public-chain alternative for institutional RWA issuance.
- Onyx by JPMorgan: JPMorgan's Onyx is a permissioned institutional blockchain platform for tokenized collateral, payments, and wholesale CBDC activity. As a major Canton ecosystem partner and direct competitor in bank-led tokenization rails, it is a key comparison point for Digital Asset's enterprise offering.
- Avalanche (Avax): Avalanche's institutional subnet architecture and tokenization partnerships (e.g., Citi, Apollo, WisdomTree) directly compete with Canton for regulated institutional asset issuance and settlement.
Direct peers
- Securitize: Securitize is a tokenization platform for real-world assets and securities, offering issuance, transfer, and compliance infrastructure for regulated digital assets. It competes directly with Digital Asset's Tokenize module and Canton-based registry services in the institutional RWA market.
- Paxos: Paxos provides regulated blockchain infrastructure for tokenization, custody, and settlement of digital assets including stablecoins and securities. Its enterprise focus on regulated financial institutions directly overlaps with Digital Asset's Canton-based capital markets infrastructure.
- R3 Corda: R3's Corda is an enterprise DLT platform built specifically for regulated financial institutions, supporting tokenization, digital assets, and capital markets workflows. It is a longstanding direct competitor to Digital Asset's Daml-based Canton stack.
- Hedera Hashgraph: Hedera is an enterprise-focused distributed ledger used by financial institutions for tokenization, asset issuance, and settlement. It competes with Canton Network as an institutional-grade public DLT with enterprise governance.
Others
- Hyperledger (Linux Foundation): Hyperledger is an open-source consortium of enterprise DLT frameworks (Fabric, Besu, Iroha) used by banks and consortia for permissioned blockchain applications. It is an indirect competitor and prior-generation alternative to Digital Asset's Canton Network.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks5 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
Profiles2 records
Digital Asset funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Digital Asset M&A and investment
M&A and investmentM&A
Investments
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 develops and licenses the Canton Network, a public layer-one blockchain with institutional-grade privacy, and Daml, a smart contract language purpose-built for financial applications. The company sells enterprise software modules (Access, Tokenize, Mobilize, Build) and on-chain utility modules (Credential, Registry, Collateral, Settlement) that financial institutions use to tokenize real-world assets and modernize clearing, settlement, custody, and collateral workflows. Revenue is generated through software licensing to large banks, exchanges, custodians, and financial infrastructure providers, supplemented by professional services for deployment and integration.
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.
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?
Two revenue lines are on record. Enterprise Software Licensing is the primary driver. The others are professional Services.
Who are Digital Asset's main competitors?
Emerging players on record are Ondo Finance and Chainlink. Broad incumbents are Polygon Labs, Onyx by JPMorgan and Avalanche (Avax). Direct peers are Securitize, Paxos, R3 Corda and Hedera Hashgraph. Hyperledger (Linux Foundation) is listed as an others.
Does Digital Asset have an API?
Yes. Digital Asset offers a JSON Ledger API and gRPC Ledger API for developers to build applications on Canton Network. The API enables application development with capabilities for authentication via JWT and JWKS standards, supporting both end-user and service account authentication through Auth0 or local JWT providers. The utilities documentation references APIs for Commercials, Credential, Registry, Settlement, and Collateral operations. 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 FSAPAIAD, Tokenized Securities & Capital Markets Infrastructure (equities, bonds, funds, ATS/MTF connectivity), with a secondary code of FSAPAIAC, RWA Tokenization Platforms (asset onboarding, structuring, issuance). Its NAICS code is 522320 and its SIC code is 6199.