IBM Debuts 'Digital Asset Haven' Platform for Governments and Institutions

Core Insights - IBM is launching a new blockchain platform called IBM Digital Asset Haven in collaboration with Dfns, aimed at helping governments and institutions manage digital asset operations securely [1][2] - The platform will consolidate fragmented systems, offering features such as wallet creation, transaction execution, programmable governance, and secure key management, facilitating easier entry into the blockchain space for enterprises [2][3] - The platform is expected to be available as a software-as-a-service (SaaS) in Q4 2023, with on-premise launches planned for Q2 2026 [3] Company Developments - Dfns, the crypto infrastructure firm partnering with IBM, previously raised $13.5 million in a seed round in 2022 and announced a Series A raise of $16 million earlier this year [4] - IBM has a history of blockchain initiatives dating back to 2016, including collaborations with Walmart for tracking shrimp imports and creating a blockchain network for COVID-19 recovery efforts [5] - IBM's stock has seen a year-to-date increase of over 40%, trading at nearly $309 [5]