Digital Asset raises $40m in Series B funding round
Written by Anthony Strzalek
Digital Asset, a distributed ledger technology (DLT) provider for the financial services industry, has announced that it has raised more than $40 million in a Series B funding round.
The round included existing as well as new investors and was led by Jefferson River Capital. The latest round brings the total funding raised by Digital Asset to over $110 million as the company looks to expand its global presence.
Additionally, the firm has bolstered its executive team with Clyde Rodriguez, former Co-CTO of Two Sigma Investments, joining as chief information officer and CTO of engineering. Rodriguez will join Digital Asset’s executive committee, reporting to CEO, Blythe Masters. He brings more than 20 years of enterprise software and cloud development experience to the role.
He said: “Distributed ledger technology has the potential to bring greater transparency, security and efficiency to financial services and beyond. We are in the early stages of an important technological transformation that requires strong engineering discipline to deliver credible and practical solutions.
“I am excited to join a world-class team that has the necessary skill and focus required to accelerate these important innovations, while helping our customers embrace the benefits of DLT.”