Digital Asset provides a blockchain platform, Daml, that enables financial institutions to build applications for real-time data synchronization and transaction processing across organizational boundaries, eliminating the need for reconciliation. By utilizing the Canton Network, these applications facilitate the tokenization of real-world assets, enhancing collateral mobility and improving liquidity in financial markets.
Funding
Funding not disclosed
Founders
Product
Problem
Financial institutions face challenges in synchronizing data and workflows across organizational boundaries, leading to reconciliation overhead and hindering real-time transaction processing. Traditional systems struggle to efficiently tokenize real-world assets and manage their lifecycle, limiting collateral mobility and liquidity in financial markets.
Solution
Digital Asset provides a platform, Daml, and the Canton Network, a blockchain ecosystem, that enables financial institutions to build and connect regulatory-grade digital asset solutions. Daml allows for the creation of applications with real-time data synchronization and transaction processing across organizational boundaries, eliminating reconciliation. The Canton Network facilitates the tokenization of real-world assets, enhancing collateral mobility and improving liquidity through atomic exchange of digital assets, cash, and collateral. This allows for the digitalization of assets end-to-end, enabling the launch of new products, unlocking new markets, and automating asset lifecycles.
Target Audience
The primary target audience includes financial institutions, capital market participants, and enterprises seeking to tokenize real-world assets, streamline transaction processing, and improve collateral mobility.
Features
- Daml, a smart contract language, ensures privacy, control, and interoperability for regulatory-grade blockchain applications.
- The Canton Network provides a synchronized network for connecting applications, assets, and institutional capital at scale.
- Tokenization accelerators and services streamline the process of digitizing real-world assets.
- Support for atomic swaps of digital assets, cash, and collateral.
- Solutions for 24x7 on-chain financing and crypto derivatives.
- Global Synchronizer, a decentralized interoperability infrastructure.