Digital Asset

Digital Asset (DA) is a New York-headquartered blockchain technology company founded in 2014 that builds infrastructure to move financial assets onchain for regulated capital markets. Its work with financial institutions over more than a decade produced Daml, its smart contract language (open sourced in 2019), which became the foundation for Canton — described by the company as a public layer-one blockchain with configurable privacy, controls and composability suited to institutional finance. Digital Asset is a founding member of the Canton Foundation / Global Synchronizer Foundation, the governance body created with support of the Linux Foundation, and the Canton codebase has been open sourced.

Today the company positions itself around three activities on Canton: helping institutions define and launch use cases ("Build", including DA Registry for bringing institutional-grade assets onto the network), connecting them to assets, applications and other participants ("Connect"), and supporting scale-up through enterprise support, advisory, partner engagement and ecosystem development ("Scale"). Targeted workflows include tokenization, collateral mobility, settlement, payments and other regulated financial processes, spanning asset classes such as bonds, money market funds, alternative funds, commodities, repos, mortgages, life insurance and annuities.

The company reports 250+ market leaders building with DA in production, more than 700 Canton ecosystem participants as of June 2026 (up from nearly 400 in June 2025), and $10 trillion of tokenized real-world assets across the Canton economy. Leadership includes co-founders Yuval Rooz (CEO), Eric Saraniecki (Head of Network Strategy) and Shaul Kfir (Head of Strategic Initiatives), plus CISO Edward Newman.

Founding story

Digital Asset was founded in 2014; Yuval Rooz co-founded the company to apply blockchain technology to create an open financial network where value moves as freely as information on the internet. The founders came from trading and cryptography backgrounds — Rooz previously worked at Citadel and DRW Trading, Eric Saraniecki was a DRW trader who co-founded Cumberland Mining, and Shaul Kfir is a cryptography researcher and co-author of the libsnark zkSNARK library. The company describes starting from inside finance rather than outside it, working with institutions to learn what production-grade infrastructure requires.

Business model

Digital Asset commercializes expertise in and products for the Canton Network it created, offering solution design and implementation services, the DA Registry product for issuing institutional-grade assets onchain, enterprise technical support, advisory, and ecosystem/business-development services to institutions building on the network. Sources do not disclose pricing or contract structures.

Not disclosed in the sources; the company describes offering products, services, enterprise support and advisory around Canton, and frames client outcomes in terms of driving revenue onchain.

Traction

Reported metrics include $10 trillion of tokenized real-world assets across the Canton economy, 250+ market leaders building with DA in production, and more than 700 Canton ecosystem participants in June 2026 versus nearly 400 in June 2025. Production deployments and initiatives named by the company include Goldman Sachs DAP and Versana (2022), HKEX Synapse and Eleox (2023), Broadridge DLR and Deutsche Börse D7 (2021), iCapital's iDLT, Franklin Templeton's Benji platform expansion to Canton, Euroclear's Global Collateral Network partnership, and Super Validator roles taken by Visa and Société Générale.

Latest developments

In June 2026 Digital Asset announced a $355 million round led by a16z crypto with a broad group of institutional and crypto investors; a PR Newswire listing indicates the fundraise was oversubscribed and later expanded with Shinhan Financial Group and SC Ventures by Standard Chartered. Subsequent announcements include a partnership with BOOSTRY to launch a multi-chain wallet service on Canton (August 2026), the launch of a proof-of-concept for onchain Japanese Government Bond repo transactions with Mitsubishi UFJ Trust and Banking and Secured Finance (August 2026), and a collaboration with the American Idea Foundation on a state RISE benefit distribution pilot on Canton.