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The latest blockchain technology initiative has IBM, Digital Asset Holdings, R3 and other tech companies working with banks, Swift, the London Stock Exchange and the Linux foundation to jointly create open-source software meant to be used to quickly bring new blockchain software to market.
December 17 -
Digital Asset Holdings, a blockchain technology developer, has named former executives from SunGard Data Systems and Swift to its board and management team.
December 14 -
Blockchain technology can be used to help financial-services institutions accomplish their most important goal improving customer service, Blythe Masters said Tuesday.
July 28
Digital Asset Holdings is reportedly seeking a $35 million funding round that would put the blockchain technology startup's valuation at $100 million.
The firm run by Wall Street veteran Blythe Masters hopes to close the round by Dec. 24, although the deal is still in negotiations,
Digital Asset didn't respond to a request for comment on Thursday.
Masters' former employer JPMorgan Chase is expected to lead the funding with a $7.5 million investment. Santander Bank, where she is nonexecutive chairman of its U.S. consumer unit, is expected to invest $3 million.
Bank of America, Goldman Sachs, Morgan Stanley, Citigroup, Nasdaq and Markit are among other potential participants in the round. The Post cites an email where Masters reportedly called the raise "quite materially oversubscribed."
