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Blockchain Company Digital Asset Raises $120 Million

  • Investment in crypto firms in 2021 is breaking records
  • CEO Rooz says half of new customers only want help with data
Digital Asset is known for working on the Australian Stock Exchange’s blockchain transition.

Digital Asset is known for working on the Australian Stock Exchange’s blockchain transition.

Photographer: Bloomberg/Bloomberg
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Digital Asset Holdings LLC, the blockchain software developer that caters to corporate applications, raised more than $120 million from investors 7Ridge and Eldridge.

The company will use the funds to expand its global workforce by 50% this year and add to its mix of products, according to a statement. The latest round follows a $45 million fundraising last year that included investments from Salesforce.com Inc. and Samsung Electronics Co.