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IBM Launches Blockchain Platform to Facilitate Institutional Uptake of Cryptos

IBM is stepping deeper into the digital finance world with a new blockchain project called Digital Asset Haven. Created together with crypto wallet company Dfns, the platform aims to help banks, corporations, and government agencies build secure systems for managing and transferring digital assets. These include tools for token custody, payment settlements, and the handling of tokenized assets. The project marks a major move for IBM as it tries to play a central role in the growing shift toward blockchain-based financial services.

The infrastructure that IBM is availing is likely to usher in a new era in which digital assets are increasingly incorporated into the mainstream financial world. Crypto firms like Marathon Digital Holdings Inc. (NASDAQ: MARA) will be pleased that the uptake of cryptos is being taken up another…

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