Digital Asset Holdings completed $40 million in Series B financing led by Jefferson River Capital.
Based in New York, Digital Asset develops distributed ledger technology solutions for various financial services industry market segments such as loans, securities, derivatives, and foreign exchange. It employs blockchain technology to facilitate settlements between digital and traditional currencies. The company’s software maps business logic and legal processes into cryptographic signature flows, and it also commits transactions to private or public distributed ledgers and traditional databases, depending on the requirements.
Financing proceeds will be used to expand the company’s global presence.