Total amount raised
$492.2M
Latest funding date
2025-12-04
Location
Digital Asset has successfully raised significant funding over multiple rounds, establishing itself as a key player in the distributed ledger technology space. The company offers a platform called Daml, which enables the creation of multi-party solutions that transform disparate silos into synchronized networks.
Digital Asset has raised funding across multiple rounds backed by major institutional investors, including Goldman Sachs, BNY, Nasdaq, Citadel Securities, DRW Venture Capital, 7RIDGE, and Eldridge, among others.
Keep reading to explore Digital Asset's fundraising journey and the investors powering its blockchain innovation.
What Is Digital Asset?
Founded in 2014, Digital Asset is headquartered in New York, New York. The company specializes in distributed ledger technology, aiming to revolutionize how businesses interact through its Daml platform and Canton Network.
Digital Asset was established by a team of visionaries including Don Wilson, Eric Saraniecki, Shaul Kfir, Sunil Hirani, and Yuval Rooz. Their collective expertise has driven the company to the forefront of blockchain innovation.
With a workforce of 101-250 employees, Digital Asset continues to expand its influence in the financial technology sector, offering cutting-edge solutions for synchronized networks.
How Much Funding Has Digital Asset Raised?
- Venture Round
- Amount Raised: $60M
- Date: February 2016
- Lead Investors: Not publicly disclosed
- Participants: Goldman Sachs, IBM, ABN AMRO, Accenture, ASX Limited, BNP Paribas, Broadridge Financial Solutions, Citi, CME Ventures, Deutsche Börse Group, ICAP, Santander InnoVentures, DTCC, PNC Financial Services
- Motivation Behind the Round: To accelerate development of blockchain solutions and expand market reach.
- Venture Round (Extension)
- Amount Raised: $7.2M
- Date: June 2016
- Lead Investors: ASX Limited
- Participants: Citi, BNP Paribas, JP Morgan
- Motivation Behind the Round: To support initial development and deployment of the Daml platform.
- Series B
- Amount Raised: $40M
- Date: October 2017
- Lead Investors: Jefferson River Capital, Hamilton James
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance the Daml platform and expand its application in financial services.
- Series C
- Amount Raised: $35M
- Date: December 2019
- Lead Investors: Not publicly disclosed
- Participants: Goldman Sachs, IBM, Accenture, Broadridge, DTCC, ASX Limited, JP Morgan, Citi, Deutsche Börse
- Motivation Behind the Round: To support ongoing projects and further develop the Daml platform.
- Series C (Extension)
- Amount Raised: $45M
- Date: February 2020
- Lead Investors: Not publicly disclosed
- Participants: Salesforce Ventures, Samsung Ventures, VMware, and existing investors
- Motivation Behind the Round: To continue expanding the Daml platform and support strategic projects.
- Series D
- Amount Raised: $120M
- Date: April 2021
- Lead Investors: 7RIDGE, Eldridge Industries
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the global team by 50% and enhance product offerings, including a new interoperability protocol.
- Corporate Round
- Amount Raised: Not publicly disclosed
- Date: May 2022
- Lead Investors: SBI Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop and expand the Daml platform in Asian markets.
- Series E (Strategic Round)
- Amount Raised: $135M
- Date: June 24, 2025
- Lead Investors: DRW Venture Capital, Tradeweb Markets
- Participants: BNP Paribas, Circle Ventures, Citadel Securities, DTCC, Goldman Sachs, IMC, Liberty City Ventures, Optiver, Paxos, Polychain Capital, QCP, Republic Digital, 7RIDGE, Virtu Financial
- Motivation Behind the Round: To accelerate adoption of the Canton Network and scale institutional blockchain infrastructure.
- Corporate Round (Series E Extension)
- Amount Raised: $50M
- Date: December 4, 2025
- Lead Investors: Not publicly disclosed
- Participants: BNY, iCapital, Nasdaq, S&P Global
- Motivation Behind the Round: To further expand the Canton Network and deepen institutional adoption of blockchain technology.
Total Amount Raised: At least $492.2M based on disclosed funding (May 2022 SBI Group corporate round amount undisclosed). Current Valuation: Not publicly disclosed.
Key Investors
- 7RIDGE
- Details: 7RIDGE is a private equity firm that invests in technology companies. Carsten Kengeter and Veronica Augustsson from 7RIDGE joined Digital Asset's board following the Series D round. 7RIDGE also participated in the June 2025 Series E round.
- Investment Focus Areas: Technology, financial services.
- Eldridge Industries
- Details: Eldridge is a diversified holding company with investments across technology, media, and real estate. Michele Trogni, Operating Partner at Eldridge, commented on the Series D investment.
- Investment Focus Areas: Technology, media, financial services.
- DRW Venture Capital
- Details: DRW Venture Capital is the investment arm of DRW, a diversified principal trading firm. DRW co-led Digital Asset's $135M Series E strategic round in June 2025.
- Investment Focus Areas: Financial technology, blockchain, trading infrastructure.
- Goldman Sachs
- Details: Goldman Sachs is a global investment bank that participated in the February 2016 venture round and the December 2019 Series C, as well as the June 2025 Series E round.
- Investment Focus Areas: Financial services, technology, capital markets.
- BNY
- Details: BNY (Bank of New York Mellon) participated in the December 2025 corporate round, reflecting Wall Street's growing commitment to blockchain-based financial infrastructure via the Canton Network.
- Investment Focus Areas: Financial services, custody, asset management.
What's Next for Digital Asset?
Digital Asset is poised to capitalize on a multitude of opportunities, particularly in expanding its Daml platform across various sectors such as healthcare and insurance. The company's focus on interoperability and data synchronization positions it to attract clients looking to streamline their data management processes. With a recent $120 million Series D funding round, Digital Asset plans to expand its global workforce by 50% and enhance its product offerings, including a new interoperability protocol.
Future fundraising opportunities appear promising, given the strong backing from major investors like 7RIDGE and Eldridge. As the demand for data synchronization solutions grows, Digital Asset is well-positioned to secure additional investments to support its expansion. However, the company may face challenges such as competition from other blockchain technologies and ensuring seamless integration across diverse systems. Maintaining data privacy and security while enabling interoperability will also be crucial as they navigate the rapidly evolving technology landscape.
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