Daml smart contract language creator raises $120M in Series D financing
The company behind Daml said it tripled its customer base in 2020, with half of the new business coming from outside the blockchain industry. Digital Asset, the creator of the Daml smart contract programming language, has secured $120 million in Series D financing from investors 7Ridge and Eldridge, setting the stage for continued expansion of the blockchain and data infrastructure company.The impressive funding round follows a year of significant growth for Digital Asset. The company tripled its customer base in 2020, with 50% of new business coming from non-blockchain domains, according....
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Digital Asset Holdings has announced it intends to open-source DAML, the smart contracting language it acquired from startup Elevence earlier this year. Though no date has been set for the transition, the Blythe Masters-led blockchain startup credited its bid to "advance industry adoption" of the tech as the impetus for the move. However, Digital Asset said work needs to be done to increase DAML's functionality and documentation so that it is ready for use outside the startup. The company wrote: "By making DAML more widely available, we intend to enable clients, partners and....
Digital Asset Holdings announced its recent acquisition of the technology firm Elevence, a company which has created a language that executes a different kind of contract protocol. The Elevence team is made up of computer scientists and financial experts whose technology “compliments” Digital Asset’s existing software. Digital Asset Holdings’....
The open source Daml smart contract language forms the core of the Daml application stack, a core tech by Digital Asset. American investment bank Goldman Sachs, a backer of major cryptocurrency firm Circle, is strengthening its tokenization efforts by partnering with the blockchain startup Digital Asset.The partnership enables Goldman Sachs to use Daml, a development framework created by Digital Asset to allow financial institutions to build and execute agreements on blockchain, the company announced Wednesday.One of core Digital Asset’s technologies, Daml will help Goldman Sachs develop....
Shiba Inu developer Kaal Dhairya confirmed renouncing the ShibaSwap governance token BONE. This action implies that the smart contract creator gives up control of the token. Furthermore, the creator can no longer alter or manipulate the contract. Consequently, renouncing a smart contract makes it trustless and transparent, attracting more investors, some believe. This development could […]
Over the last year, the concept of a "smart contract" has received renewed attention in legal and business circles. Advancements in blockchain technology have led some to believe that smart contracts could soon offer alternatives to traditional commercial and financial agreements, with dire results for the legal and financial sectors. While this enthusiasm may be premature, the legal profession nonetheless remains mostly unaware of this important emerging technology and the long-term implications for their profession. In this context, "smart contract"....