Introduction
Digital Asset Holdings (DAH), a New York-based blockchain solutions provider for the financial sector, has expanded its investor base with the addition of IBM and Goldman Sachs. The latest funding round now exceeds $60 million, reflecting growing institutional confidence in distributed ledger technology (DLT).
Key Developments
1. Funding Round Expansion
- Previous Funding: DAH initially secured $52 million from 13 global financial firms.
- New Investors: IBM and Goldman Sachs join the roster, pushing total funding past $60 million.
Participating Firms:
- ABN AMRO
- Accenture
- ASX Limited
- BNP Paribas
- Citi
- Goldman Sachs
- IBM
(Full list in Investors Section)
2. Strategic Partnerships
- IBM Collaboration: DAH and IBM are co-developing DLT solutions under the Linux Foundation’s Open Ledger Project. IBM’s Jerry Cuomo emphasized the transformative potential of blockchain for businesses.
- Goldman Sachs’ Vision: Paul Walker, Global Co-head of Technology at Goldman Sachs, highlighted DLT’s role in revolutionizing global financial transactions.
Investor Insights
IBM’s Blockchain Commitment
- Open Ledger Project: IBM leads this initiative, contributing code and resources alongside DAH.
Statement by Jerry Cuomo:
"Blockchain holds real potential to transform a wide range of industries, and IBM is committed to making it ready for business."
Goldman Sachs’ Blockchain Strategy
- Prior Investments: Led a $50 million round for Bitcoin service provider Circle.
- SETL Coin Patent: Filed for a cryptocurrency to streamline securities settlement.
- Don Duet’s Perspective: Goldman’s tech co-head discussed blockchain’s disruptive potential in finance during "The Digitization of Finance" podcast.
Market Implications
- Institutional Adoption: Investments by major firms signal long-term viability of blockchain in finance.
- Technology Integration: DAH’s solutions aim to enhance transparency and efficiency for financial institutions.
👉 Explore how blockchain is reshaping finance
FAQ Section
1. Why did IBM and Goldman Sachs invest in Digital Asset?
Both firms recognize blockchain’s potential to streamline financial operations and enhance security. Their investments align with broader strategies to adopt DLT.
2. What is the Open Ledger Project?
An IBM-led initiative under the Linux Foundation to develop open-source blockchain tools, with DAH contributing technology and expertise.
3. How does this funding impact the blockchain industry?
The $60M+ round underscores institutional confidence, likely accelerating DLT adoption across finance and beyond.
Conclusion
With IBM and Goldman Sachs onboard, Digital Asset is poised to advance blockchain solutions for global finance. This milestone reflects the technology’s escalating prominence and the collaborative efforts driving its evolution.
👉 Learn more about blockchain innovations
Full Investor List
| Investor | Industry |
|-----------------------------------|----------------------------|
| ABN AMRO | Banking |
| Accenture | Consulting |
| IBM | Technology |
| Goldman Sachs | Investment Banking |
| (Complete table in original article) | |
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