Great to see all banks stepping up their participation in the ecosystem! The network effect of Blockchain!
Digital Asset Holdings, the blockchain startup helmed by former JP Morgan luminary Blythe Masters, has raised more than $50 million in a funding round joined by some of the biggest names in financial services, including Citi, Deutsche Börse and Santander InnoVentures. One of the investors, the ASX, has also handed Digital Asset a contract to design a post-trade settlement system using distributed ledger technology. The round was joined by 13 firms from all corners of the financial services ecosystem, including ABN Amro, BNP Paribas, JP Morgan Chase and PNC Financial Services Group; exchange operator fund CME Ventures; tech firms Accenture and Broadridge; and Icap and the Depository Trust & Clearing Corporation.