Digital Asset Holdings Raises $52 Million, Will Bring Blockchain to Australian Stock Market

Digital Asset Holdings Raises $52 Million, Will Bring Blockchain to Australian Stock Market

Permissioned ledgers continue to be the trend in the blockchain industry. According to Bloomberg, blockchain startup Digital Asset Holdings, which is run by former JPMorgan Chase Executive Blythe Masters, has raised $52 million and has a deal with ASX to bring Australian stock settlement into the digital age. Participants in the investment round included....


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Blythe Masters’ Firm to Build ASX Blockchain, Raises $52 Million

It seems former JP Morgan Executive Blythe Masters is taking the Australian stock markets by storm with blockchain technology. Bloomberg reports that Digital Asset Holdings, the distributed ledger startup created by Masters, has just raised $52 million USD from investors. The organization has also struck a deal with one of Australia’s leading stock....

Australian Stock Exchange Confirms Upcoming Blockchain For Settlements

The Australian Stock Exchange (ASX) Limited has announced that it is building a blockchain as a replacement for its current platform for clearing and settlement of trades. In an announcement today by Australia’s biggest stock exchange, the ASX has confirmed that it is developing a private blockchain with US-based firm Digital Asset as a post-trade solution for the Australian equity market. The announcement also revealed that the ASX paid AUD $14.9 million for a 5% equity interest in Digital Asset Holdings (DAH), a fee that will also fund an initial phase of development of the private....

Stock Market Giant Deutsche Börse Working on Blockchain Prototypes

Given the potential applications for distributed ledgers in clearing and settlement, blockchain technology is increasingly drawing interest from major stock market operators. Among the most early and active financial firms exploring the technology have been major US firms including Nasdaq, which has launched its own blockchain-based service for private shares; the New York Stock Exchange (NYSE), which in 2015 invested in bitcoin exchange provider Coinbase; and the Australian Securities Exchange (ASX), which is working with Digital Asset Holdings to develop blockchain solutions. Less vocal....

Standards Australia Maybe Prematurely Calling for Global Blockchain Standards

As the use of blockchain adoption picks up, it is time to evaluate the quality of these blockchain based solutions and standardize them. In order to do so, the Australian organization entrusted with this authority, Standards Australia has called for the development of an international set of standards that can be implemented anywhere. The Australian body has called for the International Standards Organization take up the task of creating the global standards along with its support. The Australian member’s appeal to the International Standards Organization comes close to the heels of the....

Second Bitcoin company all set to get listed on the Australian stock market!

Australia-based start-up, the 'Bitcoin Group,' is set to become the second company to get listed on the Australian stock market! The company is zealously also striving to raise $20 million via issuing 100 million new shares to the public at 20 cents each. As per the plan, the company is hoping to start trading on the Australian Securities Exchange starting November 11, 2015. It should be noted that it was Digital BTC, another Bitcoin company, that took the honor of being the first company to be trading on the local share market. This Bitcoin miner has been on the market since June of 2014.....