Skip to content
Subscriber Only

Blythe Masters's Blockchain Firm Raises Money, Hires Executive

  • Digital Asset Holdings has now raised more than $110 million
  • Brings aboard Clyde Rodriguez, a former Two Sigma executive

Blythe Masters’s blockchain software firm Digital Asset Holdings LLC raised another $40 million and hired a technology executive who previously worked for software giant Microsoft Corp. and quantitative hedge fund Two Sigma Investments.

The company, where former JPMorgan Chase & Co. banker Masters is chief executive officer, is one of several trying to reshape finance by leveraging the blockchain ledger technology that underpins bitcoin and other cryptocurrencies. DAH’s clients include the Australian Stock Exchange and Depository Trust & Clearing Corp., the back-office entity that clears and settles all U.S. stock and bond trades. Both are testing whether they can shift over to blockchain to cut settlement and payment times from days to minutes.