Digital Asset has raised a $120 million Series D round led by 7Ridge and Eldridge.

Founded in 2014, Digital Asset has over 130 employees in offices in New York, London, Zurich, Budapest, Sydney and Hong Kong, serving global clients like the ASX and DTCC. Since launch, Digital Asset has sought complementary talent and technology by acquiring four companies: Hyperledger, Bits of Proof, Blockstack and Elevence. In 2016, the firm became a founding premier member of the Linux Foundation's open source initiative Hyperledger, to drive the adoption and standardization of Distributed Ledger Technology.