Digital Asset Raises Over $60 Mln As Goldman, IBM Join Funding Round

Blockchain startup Digital Asset Holdings, LLC, on Tuesday announced that The Goldman Sachs Group, Inc. and IBM have joined its recently announced funding round bringing the total to more than $60 million. The new funding will support the startup to continue its expansion activities and enable it to better service its global client base.

“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”, said Paul Walker, Global Co-Head of Technology at Goldman Sachs.

Last month, the company announced that it raised over $50 million in funding from 13 leading firms from financial ecosystem that includes ABN AMRO, Accenture, ASX Limited, BNP Paribas, Broadridge Financial Solutions, Inc., Citi, CME Ventures, Deutsche Börse Group, ICAP, J.P. Morgan, Santander InnoVentures, The Depository Trust & Clearing Corporation (DTCC) and The PNC Financial Services Group, Inc.

“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.

Digital Asset Holdings, headquartered in New York, has offices in San Francisco, Tel Aviv, Budapest, and recently announced the addition of a London office. The company has also been selected by ASX Limited (ASX) to develop solutions for the Australian market utilizing Distributed Ledger Technology.

It aims to improve efficiency, security, compliance and settlement speed while reducing costs through the implementation of Distributed Ledger Technology.