|Bye bye bitcoin, the new face of the blockchain.|
Blythe Master is CEO of Digital Asset Holdings. DAH is a blockchain technology company that provides settlement and ledger services for financial assets. It is doing so via a blockchain program different from the one that supports Bitcoin.
Masters was previously with JPMorgan Chase.
As I reported yesterday, banksters are all over the blockchain technology but are doing Bitcoin blockchain workarounds.
Specifically, IBM is hooked up with DAH and DAH is apparently close to closing another round of financing.
The 46-year-old finance whiz, once the most powerful woman on Wall Street, is in high-stakes negotiations with investors for a $35 million financing round at the technology startup she now heads that will value the company at $100 million,..NyPo provides some background on Masters:
While the deal is still being negotiated and could fall apart, JPM is expected to lead the investment round with $7.5 million, according to four sources.
Spanish bank Santander, where Masters is a non-executive chairman, is expected to invest about $3 million. Other potential investors include Markit, Bank of America, Goldman Sachs, Morgan Stanley, Citigroup and Nasdaq.
Masters was forced from [JPMorgan] in May 2014 after 27 years — having started as an intern — after a government regulator fined JPM $410 million for allegedly rigging the California energy markets...