Company: DAAQ
Filing Date: 2025-04-14
Form Type: S-1/A
Source: 0001213900-25-031293
Chunk: 193

Company: Digital Asset Acquisition Corp.
Filing Date: 2025-04-14
Form: S-1/A
Chunk 193
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 assets are managed: for the first time in history, the secure immediate and nearly free transfer or exchange of assets may be possible. The advent of public blockchains and digital assets is reshaping how the global financial system can operate, creating significant opportunities for disruption in the existing system and many opportunities for internet -basedcompanies to flourish. We believe that internet financial services and the adjacencies necessary to support them represents a market opportunity similar to that of internet computing, media, communications and retail commerce — industries that have been transformed with many significant scale internet -nativefirms emerging in those industries. Today’s equity and debt capital markets represent more than $150 trillion, and over $20 trillion in M2 commercial bank money, markets and infrastructure that can all be transformed by digital asset and blockchain technology. Digital assets and public blockchains may catalyze this change in multiple significant ways: •The Storage of Value: Blockchains are digital, relying on tamper -proof, immutable and highly secure digital records built on decentralized infrastructure designed to mitigate nation state attack vectors, and sit outside of the control of any single corporation or government entity. •The Transmission of Value: Blockchains are built to support open, global and interoperable transactions that can work with any internet -connecteddevice in the world, offering transaction finality in seconds, with strong privacy and security and significant cost efficiency, with transactions costing as little as a fraction of a cent in many cases. •The Tokenization of Value: Blockchains provide a foundation to represent nearly any form of property or record as a cryptographic asset. This paves the way for the same storage and transmission efficiencies to be used with both digital and non -digitalforms of property ranging from digital content items and intellectual property such as non -fungibletokens (NFTs), to tokens that represent stocks, bonds and physical property, as well as other financial contracts. 126 •Programmable Value:Unlike the legacy financial system, digital assets and currencies on blockchains are inherently programmable using smart contracts, a new form of software code that can execute and intermediate transactions and value exchange with code published on the internet, introducing myriad opportunities for reshaping finance and commerce. •The Allocation of Capital: The combination of the above attributes makes digital assets and blockchains the ideal infrastructure to reshape capital allocation processes, enabling the creation of new capital markets that are executed in code on blockchains, in a public, transparent and efficient manner, ultimately lowering costs and increasing access to capital globally. •Decentralized Digital Identity: The emergence