Digital Asset Holdings, LLC, a NYC-based developer of Distributed Ledger Technology for the financial services industry, raised approximately $10m in additional funding.
The Goldman Sachs Group and IBM have joined its recently announced funding round (read here) bringing the total to more than $60m.
The new funding will support the company’s continued expansion.
Launched in 2015 and led by Blythe Masters, CEO, Digital Asset builds distributed, encrypted straight through processing tools to improve efficiency, security, compliance and settlement processes. 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.
The firm, which also has offices in San Francisco, Tel Aviv, Budapest, and London, has acquired three companies.