News Technology

Salesforce, Samsung invest in enterprise DLT firm Digital Asset

blockchain security smart contracts

Enterprise blockchain firm Digital Asset announced an additional Series C investment of an undisclosed amount from Salesforce Ventures and Samsung Venture Investment Corp (SVIC). The initial $35 million Series C closed last December.

At the time, Digital Asset did not reveal the investors, but most were existing shareholders, which include the likes of Accenture, ASX, Broadridge, Citi, Deutsche Börse, DTCC, JP Morgan, Goldman Sachs, IBM and others. $10 million came from the Australian Stock Exchange (ASX), where Digital Asset’s technology forms the basis of its new CHESS settlement system.

It’s been ten months since Digital Asset open-sourced its smart contract language, DAML, which is now the focus of its business model. A key differentiator is DAML’s compatibility with multiple blockchains or distributed ledgers as well as conventional databases.

Article continues …

subscriber padlock

Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.


Image Copyright: Funtap / BigStock Photo