Zurich - Digital Asset Holdings (Digital Asset), a developer of distributed ledger technology for the financial services industry, announced that it has acquired Zurich-based Elevence Digital Finance AG (Elevence), a technology firm that has developed an expressive language for financial institutions to model and execute agreements with certainty and finality.
This technology complements Digital Asset's existing software by providing a new, verifiable way for parties to a transaction to independently prove updates to a distributed ledger while preserving data confidentiality. The Elevence and Digital Asset teams will join forces, significantly increasing Digital Asset's technical team, while expanding its European presence with the opening of a Zurich office.
Elevence CEO will join Digital Asset as Head of Digital Asset Switzerland and Head of Product for Europe
Elevence comprises ...
