Digital Asset

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Digital Asset Holdings
Digital Asset Holdings.png
Founded 2014
Key People Blythe Masters, CEO; Don Wilson, co-founder
Employees 20+
Website Digital Asset

Digital Asset Holdings is a company that uses blockchain technology to facilitate settlement between digital and traditional currencies. It was founded in 2014 by Sunil Hirani and Don Wilson.[1] Blythe Masters, a leading developer of credit default swaps and former executive at JPMorgan Chase & Co., joined Digital Asset as CEO in March 2015. [2]


History

The firm was founded in 2014 out of a bitcoin trading operation created by the Chicago trading firm DRW, and operated through a little-known subsidiary of DRW known as Cumberland Mining & Materials.[3]

The firm is attempting to build a database using blockchain technology, which underpins bitcoin and other cryptocurrencies, to speed up the process of trading, clearing and settlement of financial transactions.

In March 2015 the firm hired Blythe Masters as CEO. Her former employer, JPMorgan, pledged $7.5 million on the blockchain project.

The firm acquired two small companies, Bits of Truth and HyperLedger, in June 2015 while also announcing a first round of Series A funding.[4] Later in 2015, the firm acquired blockchain startup Blockstack.[5]

Products and Services

Key People

References

  1. Digital Asset Holdings Delivers First-Of-Its-Kind Technology to Bridge the Gap Between Crypto and Mainstream Assets. PR Newswire.
  2. Swaps Pioneer Blythe Masters to Lead Virtual Currency Startup. Bloomberg.
  3. Start-Up With Bitcoin in Its DNA Stumbles on Fund-Raising Trail. New York Times.
  4. Blythe Masters Quick Off the Block With Startup Buys. Wall Street Journal.
  5. Digital Asset Holdings to Acquire Blockchain Startup Blockstack. Coindesk.
  6. Digital Asset Homepage. Digital Asset Holdings.