Digital Asset Holdings LLC raises $40 million in a Series B round, led by the New York-based Jefferson River Capital.
PRESS RELEASE: Digital Asset Announces Series B Funding and Appoints Clyde Rodriguez to Executive Team https://t.co/3T8UvNMmSZ
— Digital Asset (@digitalassetcom) October 16, 2017
Thus, the funding takes total to over $110 million and positions Digital Asset for further expansion.
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.
Chief Information Officer & CTO of Engineering
New hire Rodriguez is also a former co-CTO of Two Sigma Investments with 20 years of experience in enterprise software and cloud development. At Microsoft he formed and led the Azure cloud networking group as general manager. Earlier, he led Microsoft's Windows division in creating and delivering the first 64-bit Windows client and server operating systems.
According to the company, the Digital Asset Platform is the only Distributed Ledger platform to have been developed according to the production requirements of the world’s largest financial infrastructures.