Report: Blythe Masters Looking to Raise $25 Million for Blockchain Startup

Digital Asset Holdings (DAH), the Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term technology startup led by former JPMorgan executive Blythe Masters, is reportedly looking to raise $25 million.

According to New York Post, informed sources say that Masters is looking to connections from Wall Street for the funding. The round, which would be the startup's first, is "ongoing", according to the sources.

Masters joined the newly-formed startup as CEO earlier this year, looking to make another major impact on Wall Street. She is known as the creator of credit default swaps, derivatives designed to hedge against bad loans but whose apparent misuse turned them into "financial weapons of mass destruction" during the 2008 financial crisis. She later headed JPMorgan's commodities business, and left the bank last year.

With DAH, Masters is looking to revolutionize the way securities are settled through the adaptation of blockchain technology. A distributed ledger system can potentially save billions in costs traditionally incurred during the settlement process, and eliminate counterparty risk, errors and lengthy clearing lead times.

Dozens of banks have been researching how such technology can be integrated, and many have begun clustering into startup-led consortiums that would standardize the technology across the industry.

DAH is proposing shared replicated ledgers and tokenization for securities settlements, syndicated loans and other use cases. In June, it 'aquired' two blockchain tech startups.

If achieved, the funding would be one of the largest in the nascent discipline, and further signal the shift of investor interest from Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term's currency to blockchain and analogous distributed ledger technologies. Last month, blockchain tech startup Chain secured $30 million, the largest round for any company in the crypto industry since April.