Digital Asset announced that it has raised over $40 million of Series B financing from existing and new investors, led by Jefferson River Capital.
The latest round brings the total funding raised by Digital Asset to over $110 million as the company expands its global presence. Additionally, the firm has expanded its executive team with Clyde Rodriguez, former co-CTO of Two Sigma Investments, joining as chief information officer and CTO of engineering.
“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,” Rodriguez says. “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.”