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ASX’s technology partner Digital Asset (DA) has announced that it has raised more than US$35 million in Series C funding from new and existing investors.
ASX invested US$10 million in the round, bringing its total equity investment in DA to US$30.9 million.
A link to DA’s announcement is available here: https://hub.digitalasset.com/press-release/digital-asset-raises- 35-million-in-series-c-financing
Peter Hiom, ASX’s Deputy CEO, said: “ASX is a strong believer in Digital Asset and its strategy of developing the open source DAML smart contract language, and enabling applications written in it to operate across many different types of distributed ledgers. We are encouraged by the support of existing and new investors in this fundraising. This confirms our own faith in the company and its future, and that’s why we have increased our stake.”
ASX’s CHESS replacement-DLT project remains on-track for go-live in April 2021. A customer development environment is currently open and industry-wide testing is set to begin in mid-2020.
Further information about ASX’s project is available here: https://www.asx.com.au/services/chess- replacement.htm
