Cryptoeconomics

News, data and analysis on tokenized assets, market design and digital economic systems.

Tokenization platform

Digital Asset

Software firm whose investors are the institutions that would use it, among them JPMorgan, Goldman Sachs, Citi, DTCC, CME Group and Circle, and the Canton Network it built is where JPMorgan intends to issue its JPMD deposit token natively rather than bridge it in.

Kind Tokenization platform
Jurisdiction United States
Founded 2014
Stories filed 1

The profile

New York software firm founded in 2014 that wrote Daml, the smart contract language it open-sourced in 2019, and built the technology beneath the Canton Network, where each application runs its own sub-network and transaction detail is visible only to counterparties and permitted observers. Its investors are the institutions that would use it, among them JPMorgan, Goldman Sachs, Citi, DTCC, Broadridge, CME Group, Deutsche Börse and Circle, with $135m raised in 2025 and strategic investment from BNY, iCapital, Nasdaq and S&P Global; it is also a founding member of the Canton Foundation that governs the network's synchroniser. On 7 January 2026 it announced with JPMorgan's Kinexys unit that JPMD, the bank's dollar deposit token, would be issued natively on Canton rather than bridged to it, so the deposit claim can settle atomically against assets already registered there.

Products and services

Daml
Smart contract language for multi-party financial workflows, open-sourced in 2019 and used to model rights and obligations rather than token balances.
Canton Network technology
Ledger software for a privacy-enabled public chain in which applications hold their own sub-networks and compose atomically through a shared synchroniser.

Coverage

Developments in which Digital Asset is a named party, newest first.

On the record

BNY and Goldman Sachs launch mirrored tokenization of money market fund shares

BNY and Goldman Sachs launched a service under which subscriptions to money market funds placed through BNY's LiquidityDirect platform are mirrored as tokens on GS DAP, the Goldman Sachs Digital Assets platform built on Digital Asset technology. BNY continues to keep the official books, records and settlements for the funds. BlackRock, BNY Investments Dreyfus, Federated Hermes, Fidelity Investments and Goldman Sachs Asset Management took part at launch.

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