Who are Digital Asset Holdings LLC?

Digital Asset was founded in 2014 by Sunil Hirani and Don R. Wilson with former JPMorgan Executive Blythe Masters named as CEO in March 2015. Digital Asset has raised over $107M in funding from fifteen key investors; ABN Amro, Accenture, Australian Securities Exchange, BNP Paribas, Broadridge, Citi, CME Group, Deutsche Börse Group, Depository Trust & Clearing Corporation, Goldman Sachs, IBM, JPMorgan Chase, NEX, PNC Financial Services, and Banco Santander. The company has strategic business relationships with Accenture, Broadridge, GFT, Google, IBM, IntellectEU and PwC to help scale and accelerate the adoption and deployment of its technology. The company has grown and expanded over time and now has offices in New York City, London, Hong Kong, Sydney, Zurich and Budapest and currently employs over 170 people.

Digital Asset Holdings LLC Investors
Digital Asset Holdings LLC Investors

Digital Asset help companies design, create, and run the next generation of business applications. They combine deep industry expertise with software development tools and have built up an ecosystem of technology partners to help their clients orchestrate multi-party processes and attain more control over their data. As you can see from the graphic, they have partnered with some big names, such as Deloitte and Google Cloud Services.

Digital Asset Holdings LLC Partners
Digital Asset Holdings LLC Partners

 

Digital Asset might be best known for their part in Hyperledger, but at the core of their offering is DAML,  which has unsurprisingly is already integrated into Hyperledger Sawtooth as of April this year. DAML is an intuitive smart-contract programming language used to digitize multi-party agreements and automate transactions in a precise and secure manner.  DAML aims to focus developer time on programming business processes rather than needing to deal with the innards of Blockchain and encryption.

DAML Driven Hyperledger
DAML Driven Hyperledger

Digital Asset aims to enable the world’s largest companies to harness the power of Distributed Ledger Technology (DLT) to streamline business operations and make value transfer efficient and secure. The intended result? Technology that provides a platform for innovation today and well into the future.

 

Why partner with Unibright?

Unibright Framework for blockchain Integration
Unibright – The Unified Framework for Blockchain Based Business Integration

Unibright have developed a framework for the visual creation of workflows and the deployment of smart contracts for enterprise, on any Blockchain. After pilot testing, the framework was announced as product ready in late March 2019, and since then the team has been working on various solutions for clients, such as Real Estate tokenization and Batch Tracing solutions. Clearly the framework and the types of businesses that Unibright are targeting, as well as their Blockchain agnostic and visual workflow approach to smart contracts, has caught the attention of Digital Asset. When you look at both companies, there is definitely a certain synergy between the two companies approaches to Blockchain and DLT technology.

 

Synchronise 2019 Europe DLT and Crypto for Financial Institutions
Synchronise 2019 Europe – DLT and Crypto for Financial Institutions

Earlier this week Stefan Schmidt, the Unibright CTO, shared that the team will be presenting at Synchronise Europe 2019 in London alongside Digital Assets. Synchronize is the leading conference dedicated to enterprise and institutional applications of Distributed Ledger Technology (DLT), Blockchain technology and smart contracts within financial services. A full list of attendees can be seen on their website, but Synchronize Europe 2019 will play host to an impressive delegation of senior financial services executives (Such as The Bank of England, Goldman Sachs, London Stock Exchange and several other major Banks) from across the buy-side, sell-side, financial market infrastructures, Fintech startups, consultancies, vendors as well as regulators and policymakers. Attendees will learn the most effective ways to evaluate and deploy DLT for their business, how it fits into the existing market structure and what the business requirements of the technology actually are.

During this event Unibright will showcase how the Unibright framework can be used to visually model DAML without writing any code and automatically set up the smart contracts for enterprise integrations. Exposure at this level is significant for a startup like Unibright, and the fact that Digital Asset are willing to work with Unibright means that they stand out as a leading service provider in the Blockchain for enterprise space.

 

 

While the partnership has been all but confirmed through communications from both Unibright and Digital Asset, an official launch of the partnership and more details are expected in the weeks following this joint presentation in London. If you want to find out more about Digital Asset Holdings or Unibright, then I recommend reading their respective blogs.

 

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