IBM Set to Launch Platform for Managing Digital Assets

Core Insights - IBM is set to launch a platform called IBM Digital Asset Haven, aimed at enabling financial institutions, governments, and corporations to manage digital assets across multiple blockchains while ensuring compliance with regulatory requirements [1][2] - The platform is being developed in collaboration with Dfns, which has created 15 million wallets for 250 clients, combining IBM's infrastructure and security with Dfns' digital asset custody capabilities [2][4] Group 1 - The platform will feature transaction lifecycle management supporting blockchain transactions across over 40 connected public and private blockchains, governance and entitlement management for wallet access, and integrated third-party solutions to accelerate deployment [3] - IBM Digital Asset Haven will enable secured cold storage operations, which are increasingly required by regulatory bodies, and is expected to be released via software-as-a-service and hybrid SaaS in Q4 2024, with on-premises availability in Q2 2026 [4] - Tom McPherson from IBM stated that the platform delivers resilience and data governance, empowering governments and enterprises to develop next-generation financial services [4] Group 2 - Dfns CEO Clarisse Hagège emphasized that the collaboration with IBM has resulted in a platform that orchestrates the full digital asset ecosystem, facilitating the transition of digital assets from pilot programs to global production [5] - Dfns raised $16 million in a Series A funding round to enhance the adoption of its crypto wallet infrastructure for institutional clients, having shifted focus to institutional clients two years prior [5][6] - IBM's LinuxONE 4 Express, launched in February 2024, is designed to assist clients in addressing both new and traditional use cases, including digital assets [6]