Ex-JP Morgan exec looking to raise $25M

Investing | October 8, 2015 By:

Blythe Masters, a former executive at JPMorgan Chase, is looking to raise $25 million or more in the first round of funding for Digital Asset Holdings. Masters is tapping the biggest banks to back her new tech venture.

Masters’ company uses the bitcoin-like technology called “blockchain” to shave millions of dollars in costs at banks by making settlement and record-keeping more automated.

The $25 million funding round, which is the first for the company, is ongoing, according to one insider familiar with the fundraising effort.