Digital Asset Holdings (DAH), the blockchain company led by former JP Morgan banker, Blythe Masters, raised more than $50m in a Series A round. The round included participation from 13 financial institutions. DAH struggled for months to close the deal, after it gave certain investors (JPM) preferential terms.
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Digital Asset Holdings raised $50M to build the blockchain into Wall Street
Investors in the company are some of those very players who could most benefit from such a product, including Masters' former employer JP Morgan, along with Santander InnoVentures, Accenture, BNP Paribas, Citi, The Depository Trust & Clearing Corporation, and others. “These investments represent a tremendous endorsement of Digital Asset from banks, exchanges, settlement and clearing firms, central securities depositories, and market infrastructure and professional services providers,” said Masters in the statement.
