Ace high or busted flush? Digital Asset and the big bet on DLT

Blockchain pioneer’s bumpy journey raises questions over future of distributed ledger technology in finance

Credit: Andrey Armyagov/Olga Salt/Alamy/WatersTechnology montage

This is an edited version of an article that was first published on sister website WatersTechnology.com. The full version can be found here.

Avoid popularity if you would have peace. These words are attributed to Abraham Lincoln, but they could easily have been spoken by an executive at a tech start-up fending off hype and hyperbole around the Latest Great Tech Discovery.

In the mid-2010s, distributed ledger technology (DLT) was just that: the toast of venture capitalists and the talk of

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