Digital Asset Raises $35 Million Funding

Digital Asset, a distributed ledger technology solutions provider and creator of the open source DAML smart contract language, has raised more than $35 million in Series C funding from new and existing investors. The latest financing round brings the total amount raised by Digital Asset since its establishment in 2014 to $150 million. The funds will be used to accelerate the adoption of DAML across multiple industries, expand the number and variety of DAML enabled partner products and fund new products designed to enhance the DAML developer experience, specifically project:DABL, a cloud-based prototyping and production environment for DAML applications.