Digital Asset Holdings gets $52 million funding from big banks

Investing | January 22, 2016 By:

Digital Asset Holdings has raised more than $50 million from 13 investors.

Participants in the investment round are ABN AMRO, Accenture, ASX, BNP Paribas, Broadridge Financial Solutions, Citi Group, CME Ventures, Deutsche Börse Group, ICAP, J.P. Morgan, Santander InnoVentures, The Depository Trust & Clearing Corporation (DTCC) and The PNC Financial Services Group.

“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. Our strategic investors have come together from across the financial services industry to help drive global adoption of transformative solutions which enhance the vital services that they provide,” said Digital Asset CEO Blythe Masters.

Digital Asset Holdings is a startup trying to develop mainstream uses for blockchain technology.