Digital Asset

blockchain

FOUNDING YEAR: 2014
LOCATION: United States
Last Update: 03/05/2021

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About

Digital Asset builds distributed, encrypted straight through processing tools. Our technology improves efficiency, security, compliance and settlement speed.

MEDICI Analysis

Digital Asset Holdings is a technology company that provides tools that use distributed ledgers to track and settle both digital and mainstream financial assets in a cryptographically secure environment, where counterparty risk is minimized, and settlement times are drastically reduced. The company offers its software for various market segments, such as loans, securities, derivatives, and foreign exchange. The company has offices in New York, London, Zurich, Budapest, Sydney and Hong Kong

Focus

PRODUCTS & SERVICES

Develops and builds distributed ledger technology solutions for the financial services industry.

MAIN CLIENTS

Banks

dealers

exchanges

central securities depositories

custodians

central clearing counterparties and other critical infrastructure providers.

EXISTING PARTNERSHIPS

The company has strategic partnership with Accenture

PwC

Broadridge and IBM.

PRIMARY PROBLEM SOLVED

The company aims to solve a problem that are placing challenging demands on existing infrastructure such as a regulatory focus on enhanced transparency, reduced counterparty risk and expedited settlement times.

COMMENT

Digital Asset Holdings combined experience uniquely positions the company to identify finance’s most critical problems, develop technological solutions, and implement them in a realistic, effective, and constructive manner.

Traction

VALUATION / MARKET CAP:

$48 M in 2016

COMPANY TYPE:

For Profit

OTHER INFO:

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry announced the successful completion of a proof-of-concept to better manage the netting process for U.S. Treasury and Agency repurchase agreement (repo) transactions leveraging distributed ledger technology (DLT). Working with Digital Asset, a developer of DLT solutions for financial institutions, the two companies have demonstrated for the first time the successful netting of “start” leg repo transactions with prior end-of-day net securities obligations in the DTCC environment (27 Feb 2017).

TRACTION COMMENT:

SIX Securities Services, the post-trade infrastructure operator for the Swiss financial sector, and Digital Asset Holdings, a developer of distributed ledger technology for the financial services industry, announced plans to develop a proof of concept that will demonstrate the commercial viability of distributed ledger technology across the Swiss financial market, with an initial prototype for securities lifecycle processing. The two firms will also develop a roadmap for future opportunities spanning the whole market infrastructure value chain (2016).

company provided insights

Acquisitions

ACQUIREE NAME

Blockstack.io

ANNOUNCED DATE

Oct 2015

PRICE

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ACQUIREE NAME

Elevence Digital Finance

ANNOUNCED DATE

Apr 2016

PRICE

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ACQUIREE NAME

Hyper

ANNOUNCED DATE

Jun 2015

PRICE

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company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

10,905

AVERAGE VISITS (6 MONTHS)

12,436.12

MONTHLY VISITS GROWTH

-50.7%

VISIT DURATION

88

VISIT DURATION GROWTH

-9.05%

PAGE VIEWS VISIT

1.83

PAGE VIEWS VISIT GROWTH

10.74%

BOUNCE RATE

66.82%

BOUNCE RATE GROWTH

-10.66%

GLOBAL TRAFFIC RANK

1,467,075

MONTHLY RANK CHANGE

211,705

MONTHLY RANK GROWTH

16.86%

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