Digital Asset and Exberry partner to launch registry and exchange platform

By Pavithra R

Digital Asset, the creators of the open-source DAML smart contract language, has announced that the company has partnered with Exberry, the exchange technology pioneer, to create an end-to-end exchange infrastructure-as-a-service for modern markets to launch at speed.

Digital assets are emerging as a new type of asset class that will change how products are bought and sold in the market. With the new partnership, any business developing new digital asset marketplaces can launch with a fully-compliant, end-to-end exchange platform and a near risk-free post-trade settlement registry.

“We are delighted to be working in partnership with Digital Asset. Both DABL and Exberry have been built for modern marketplaces, delivering cloud ready environments optimised with easy plug and play API integration. Together we will provide businesses with the flexibility to issue, trade, and settle any type of asset and asset pair, coupled with the added security to audit your exchange’s transactions with complete ledger immutability through the DABL interface. This is a one of a kind approach that allows clients to scale with ease from micro markets to large global installations and connect to a growing ecosystem of 3rd party APIs and services,” said Magnus Almqvist, Head of Exchange Development at Exberry.

Both DABL and Exberry have been built for modern marketplaces, delivering cloud-ready environments optimized with easy plug and play API integration. The companies expect to combine the power of DAML, and the DAML-as-a-service platform project: DABL, with Exberry’s cloud-based exchange technology to develop a robust technology solution that will help businesses launch new markets, of any type, in a matter of days.

The Exberry platform provides the power to run exchange, while DABL fuels the essential exchange registry functions via DAML code and integrations on the DABL platform. This approach allows customers to validate their ideas without distraction and focus on building their business. Registry functions include the tokenization of assets, the creation of users, and the settlement of trades in near real-time. The cloud-deployed exchange infrastructure addresses limitations of current exchange technologies that depend on message-based connectivity, significantly reducing cost and time to implement.

“We are excited to work with Exberry to help build and support new market models and deliver impressive technology quickly. Exberry has emerged as a clear leader providing exchange infrastructures fit for modern markets and businesses. It’s ‘Matching Engine-as-a-Service’ concept is second to none, allowing clients to reap the full benefits of an exchange-grade solution that can be cloud-based or on-premise. With Exberry, clients are technically able to roll-out a new exchange location within a number of days – rather than the usual months or years. Together with Exberry we are delivering the next generation of exchange traded traditional, alternative, and digital assets.” said Eric Saraniecki, co-founder of Digital Asset.

Founded in 2014, Digital Asset helps companies of all sizes and across industries get distributed applications to market faster and stay there longer.