Two blockchain start-ups become one as Digital Asset Holdings and Elevence merge
Merger in the blockchain fintech space: Digital Asset Holdings acquires Elevence
Distributed ledger specialist Digital Asset Holdings has acquired a small Swiss start-up, Elevence Digital Finance.
Elevence’s niche is a modelling language for determining rights and obligations in blockchain collaboration agreements. Its takeover provides Digital Asset with a new, verifiable way for parties involved in a transaction to independently prove updates to a distributed ledger while preserving data confidentiality, says Digital Asset.
Elevence’s team of eight people has joined its new parent company, with CEO Vincent Peikert now head of Digital Asset Switzerland and head of product for Europe, and CTO James Litsios now head of development, Switzerland.
The acquisitive Digital Asset has already gobbled up a number of small blockchain-focused firms, including Hyperledger, Bits of Proof and Blockstack.
