Deloitte and Digital Asset Announce Alliance to Help Organizations Drive Business Transformation in the Emerging Digital Economy

NEW YORK, March 30, 2023 — Deloitte and Digital Asset, an enterprise software company that modernizes legacy financial systems, today announced a strategic alliance to help organizations develop, build and launch smart contract and blockchain-based solutions.

Blockchain and digital asset technologies present an incredible opportunity for businesses whether in banking, capital markets, insurance, healthcare or bringing transparency to the supply chain. According to Deloitte’s Tech Trends 2023 report, “blockchain-powered ecosystems are becoming key not only to developing and monetizing digital assets but also to creating digital trust.” By joining forces, Deloitte and Digital Asset can reinforce this trust, helping clients use the technology to solve complex problems while working within the required regulatory frameworks.

Why this matters

One of the biggest challenges to adopting blockchain and digital assets technology is the lack of understanding and expertise in the technology, in addition to the regulatory uncertainty surrounding the use of blockchain and digital assets.

This alliance will combine Deloitte's experience in strategy, implementation, operations, as well as risk, regulatory, cyber security and tax, with Digital Asset's proven technology, to help drive innovation and create new business opportunities. Together, Deloitte and Digital Asset will provide customers with a comprehensive set of solutions for their business needs.

Key quotes

“Our alliance with Deloitte is an important step in our mission to help customers create interconnected networks where value flows as freely as information does on the Internet,” said Yuval Rooz, co-founder and CEO, Digital Asset. “Deloitte is a great alliance for Digital Asset. Our combined strengths will empower customers to realize the full potential of distributed ledger technologies, moving the industry forward in capitalizing on this transformative technology.”

“The potential of blockchain technology to transform a number of industries is immense,” said Joseph Cody, principal, Deloitte Consulting LLP. “The combination of our experience serving the entire blockchain and digital assets ecosystem and Digital Asset’s cutting-edge technology will help clients navigate through their blockchain journeys with a seamless experience from strategy through deployment.”

“Despite its enormous benefits, many clients experience a number of barriers to entry with blockchain, risk and regulatory compliance being among them,” said Roy Ben-Hur, managing director, Risk and Financial Advisory, Deloitte & Touche, LLP. “With Digital Asset at the center of digital transformation in financial services, we are able to leverage our multidisciplinary capability to support our shared clients as they transform.”

To learn more about these organizations, visit Digital Asset and Deloitte’s Blockchain & Digital Assets hub.

About Digital Asset
Digital Asset is an enterprise software company that modernizes legacy financial systems with Daml, our smart contract language, and Canton, our privacy-enabled blockchain platform. Together, this platform powers cutting-edge smart contracts and blockchain solutions, helping customers unlock new networks of value with sophisticated applications. Leading financial services, insurance, and healthcare organizations are partnering with Digital Asset to create new, multi-party solutions that transform disparate silos into synchronized networks.

About Deloitte
Deloitte provides industry-leading audit, consulting, tax and advisory services to many of the world’s most admired brands, including nearly 90% of the Fortune 500^® and more than 7,000 private companies. Our people come together for the greater good and work across the industry sectors that drive and shape today’s marketplace — delivering measurable and lasting results that help reinforce public trust in our capital markets, inspire clients to see challenges as opportunities to transform and thrive, and help lead the way toward a stronger economy and a healthier society. Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that are most important to them. Building on more than 175 years of service, our network of member firms spans more than 150 countries and territories. Learn how Deloitte’s approximately 415,000 people worldwide connect for impact at www.deloitte.com.