In Investment News

Digital Asset Holding LLC announced that with the addition $40 Million USD, which brought their total assets to $110 Million USD, they would be adding Clyde Rodriguez. Rodriguez was a former executive at Microsoft, and he currently holds the position of chief information officer and CTO of engineering with Digital Asset. The announcement is likely to expand the global presence of the firm.

Digital Asset is a Key Figure in Distributed Ledger Technology

For those that may not be aware, a distributed ledger is the network on which blockchain operates. Distributed ledgers allow transactions to have multiple witnesses which makes cryptocurrencies impervious to counterfeiting. Many key investment icons see cryptocurrencies and the underlying technology on which they are based as being the first wave toward the future of a digital economy. It’s hard to disagree.

The addition of Rodriguez is a game changer for Digital Asset. As a former co-CTO for Two Sigma Investments, he has 20 years of experience in cloud development. Meanwhile, Digital Assets in development for a distributed ledger settlement platform for the Australian Securities Exchange.

This bodes well for investors in cryptocurrency as blockchain technology continues to find itself propelled into the mainstream. The landscape for how the economy works, and what cryptocurrencies can provide the global economy is set to expand in 2017, with ICO’s becoming a key way for startups to crowdfund new ventures.

Although Australian Commodities Exchange officials have no committed to using Digital Asset’s platform, the fact that governments are getting wise to the fact that blockchain technology is useful bodes well for the future of cryptocurrencies.

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