Digital Asset Continues Strong Performance with 3x Year-Over-Year Customer Growth
Customer growth stems from increased interest in blockchain tokenization within financial services and other industry verticals
August 30, 2022
Digital Asset, a software provider that helps enterprises build economic value through interconnected networks, today announced another strong quarter of growth in Q2 2022. The company continues to expand its footprint among financial institutions and market infrastructures exploring and investing in next generation blockchain technology. The company has also made a number of key hires in sales, engineering and marketing to support its rapid growth.
In Q2 of 2022, Digital Asset saw a significant year-over-year increase in customer growth, with the number of new customers tripling as compared to Q2 2021. These new customer relationships are driven almost entirely by an increasing interest in asset tokenization, with the tokenization of bonds proving to be one of the initiatives financial institutions are most eager to pursue.
In one of the biggest announcements of Q2, Digital Asset disclosed in May that SBI Holdings (SBI), a financial services group based in Tokyo, Japan, is now a strategic technology partner and new investor. In addition to the investment, SBI announced an agreement to establish a joint venture with Digital Asset, expected to formally launch later this year. The first collaboration between the two entities will be driving Digital Asset’s concept for programmable money in the Japanese market through a ‘smart Yen’ initiative.
Additionally, Digital Asset continues to lead the discussion around central bank digital currencies (CBDC). This year at Davos, Digital Asset launched a new report, in partnership with Dr. Giovanni Bandi, Fellow and Regulatory Genome Project Director at Cambridge University, detailing current CBDC standards and the technology and regulatory frameworks critical to facilitating the growth and adoption of CBDC for cross-border payments and remittance flows. Digital Asset is actively engaged with central and commercial banks on these initiatives.
Digital Asset currently works with leading financial institutions, providers and market infrastructures, including ASX, Broadridge, Deutsche Börse, Cais, Goldman Sachs, Hong Kong Exchanges and Clearing, and Nasdaq, among others.
Click here to download the announcement.