Digital Assets Holding Acquires Swiss Blockchain Startup

newsbtc | April 20, 2016 | 12:00 pm
NewsBTC_Digital Asset Holdings

Digital Assets Holding Acquires Swiss Blockchain Startup

newsbtc | April 20, 2016 | 12:00 pm

Digital Asset Holdings keeps making a name for itself and expanding their reach all over the world. Now that they have acquired Elevence Digital Finance, the future of distributed ledgers looks a lot more bright in Switzerland and other European countries.

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Digital Asset Holdings Acquires Another Startup

Aficionados may have heard of Elevence Digital Finance before, as this startup is focusing their attention of a modeling language to determine rights and obligations in blockchain collaboration agreements. This Swiss blockchain startup has made quite the name for itself in recent months, and that has not gone by unnoticed.

Exploring the boundaries of blockchain technology is what most startups are focusing on right now, but Digital Asset Holdings is looking well beyond this phase Two important topics need to be addressed, as both independent transactions updates and data confidentiality are of the utmost importance.

Now that Digital Asset Holdings acquired Elevence Digital Finance, they can start offering a complete solution that tackles not only the technology side of things, but also a way for involved parties to verify all transactions independently. Moreover, the blockchain outfit also acquires the eight-person team behind the Swiss startup, which can be beneficial for future distributed ledger projects.

Blythe Masters has a clear plan for Digital Asset Holdings, as the company has been on an acquisition streak as of late. Creating a comprehensive solution that will integrate distributed ledgers in financial services while also offering additional features to preserve confidentiality and independence, will help put this company on the radar in the coming years.

Based on the information we have received, the Elevence technology will be rolled into the software solution offered by Digital Asset Holdings. This will help the blockchain company to provide partners with records that are synchronized and accurate at all times while relying on distributed ledger technology.

Last but not least, this acquisition will lead to Elevence CEO Vincent Peikert joining Digital Asset Holdings as their head of Digital Asset Switzerland, as well as head of product for Europe. Elevence CTO James Litsios, on the other hand, will become head of development at Digital Asset Switzerland.

Source: Finextra

Header image courtesy of Digital Asset Holdings

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