Goldman Sachs And IBM Join 13 Investors In Blockchain Startup Digital Asset, Bringing Funding Round To More Than $60 Million

default
ADVERTISEMENTSBlockchain Education
Evident
Tymlez

Digital Asset Holdings, LLC, a developer of Distributed Ledger Technology for the financial services industry, today announced that The Goldman Sachs Group, Inc. and IBM have joined its recently announced funding round bringing the total to more than $60 million from 15 industry leaders across the financial ecosystem.

“The addition of Goldman Sachs and IBM as investors in Digital Asset will continue to help drive the global adoption of this transformative technology,” said Blythe Masters, CEO of Digital Asset.

Launched in 2015, Digital Asset’s mission is to improve efficiency, security, compliance and settlement speed while reducing costs through the implementation of Distributed Ledger Technology. Its products serve the entire financial ecosystem through the creation of tailored business logic applications using privately permissioned networks that employ a cryptographically secure and shared infrastructure. Digital Asset software has the potential to significantly improve post-trade processing efficiency and security, while reducing cost, latency, errors, risk and capital requirements.

donate to Blockchain News

“We have long held the view at Goldman Sachs that by embracing innovation and technology, we can better serve our clients, further improve our risk-management capabilities, and enhance operational efficiency,” said Paul Walker, Global Co-Head of Technology at Goldman Sachs. “We believe that distributed ledger technology will play a transformative role in the way financial institutions transact globally and we look forward to working with Digital Asset and the broader financial and technical community to engage this emerging technology.”

“We are excited to jointly develop distributed ledger technologies that will allow our clients to transform their business, and further strengthen our partnership with Digital Asset,” said Jerry Cuomo, IBM Fellow and Vice President, Blockchain. “Blockchain holds real potential to transform a wide range of industries and IBM is committed to making it ready for business.”

About Richard Kastelein

In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, ' The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, the Netherlands where he has set down his anchor to raise a family and write.

Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications.

Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the EuropeanCommission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.

Visit Website
View All Articles
advertisementsBlockchain Education
Blockchain Expo North America 2020

blocktv

LIVE!

BLOCKTV is the premier televised news source for the blockchain and cryptocurrency community. They are a live, 24/7, TV news channel dedicated to premium reporting on the blockchain and cryptocurrency markets.


This site uses Akismet to reduce spam. Learn how your comment data is processed.