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Digital Asset Modeling Language (DAML) was developed by a technology firm called ''Elevence'' and was published by [[Digital Asset Holdings]] after it acquired Elevence in 2016.<ref>{{cite news|title=Digital Asset to Open Source Smart Contract Language|url=https://www.coindesk.com/digital-asset-open-source-smart-contract-language
|accessdate=20 February 2020|publisher=coindesk.com|date=23 August 2016}}</ref>
On April 4, 2019, Digital Asset Holdings released the Digital Asset Modeling Language and made it available under open source licensing.<ref>{{cite news|title=Update on Open-Sourcing Plans for Digital Asset Modeling Language (DAML)|url=https://hub.digitalasset.com/blog/update-on-open-sourcing-plans-for-digital-asset-modeling-language-daml|accessdate=20 February 2020|publisher=hub.digitalasset.com|date=}}{{dead-link}}</ref><ref>{{cite news|title=Digital Asset Open Sources its Smart Contract Language, DAML, to Enable Integration with Other Platforms|url=https://hub.digitalasset.com/press-release/digital-asset-open-sources-daml|accessdate=20 February 2020|publisher=hub.digitalasset.com|date=}}</ref>
In the same month, Digital Asset collaborated with the [[International Swaps and Derivatives Association]] ("ISDA") to support the ISDA common ___domain model's adoption by providing DAML as a smart contract language;<ref name="THE">Joe Parsons,{{cite news|title=Digital Asset partners with ISDA to support adoption of CDM
|url=https://www.thetradenews.com/digital-asset-partners-isda-support-adoption-cdm/|accessdate=20 February 2020|publisher=thetradenews.com|date=11 April 2019}}</ref> the collaboration was aimed at producing an open source library and reference app.<ref name="THE"/>
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