The present disclosure relates to a digital asset synchronization system that provides improved local and remote synchronization of digital assets. In particular, the digital asset synchronization system manages digital assets by separating each digital asset into multiple components stored as a set of distributed individual files. Employing individual components for a digital asset rather than single monolithic file enables the digital asset synchronization system to provide safe concurrent access to the digital asset from multiple applications on the same device and across different devices. In addition, using components for a digital asset provides the digital asset synchronization system with the ability to efficiently store and synchronize multiple versions of the digital asset, both locally and remotely.