Bank Veterans Raise $1.5 Million for Digital Asset Startup
Digital asset trading service Crypto Facilities has announced a $1.5m seed round led by Pamir Gelenbe's AngelList syndicate. Already operating with a license from the UK's Financial Conduct Authority, the company plans to use the money to add new products and cryptocurencies to the site, grow its workforce and work more closely with US regulators. Co-founder and CEO, Timo Schlaefer told CoinDesk: "For us it’s really expanding the platform by adding additional products, assets, derivatives. Just giving people more tools to use. We are still relatively narrow with bitcoin futures, but....
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Blockchain startup Digital Asset has added two financial services veterans to its team, drawing talent from software maker SunGard and international payments network SWIFT. Former Sungard president and CEO Cristóbal Conde will serve as a non-executive board member, according to a company release. SunGard, founded in 1982, was recently acquired for $5.1bn by Fidelity National Information Services (FIS). Chris Church, who acted as chief executive for the Americas and head of the SWIFT's securities devision, will become Digital Asset's chief business development officer. "With more than 50....
BNY Mellon, the oldest bank in the United States, continues to aggressively invest in the digital asset industry. According to a March 18 report by the Wall Street Journal, cryptocurrency startup Fireblocks has raised $133 million in a Series C funding round featuring BNY Mellon as well as hedge-fund firm Coatue Management, venture-capital firm Ribbit Capital, and Stripes.BNY Mellon’s strategic investment in Fireblocks is reportedly part of the bank’s plans to implement Fireblocks’s technology in its upcoming crypto custody platform. As previously reported, BNY Mellon officially announced....
Various Bitcoin companies around the world are looking for investors to get their project moving along and deliver services to a broader audience. Digital Asset Holdings, a blockchain startup run by Blythe Masters, recently closed a new funding round, raising over US$50m from various global financial leaders. With this money, the company will eventually be able to bring blockchain technology use cases to people all over the world. Based on various mainstream media headlines over the past few weeks, the future of Digital Asset holdings was in peril. The blockchain startup was struggling to....
Powerful finance lady Blythe Masters is having a hard time convincing investors to invest in her blockchain startup Digital Asset Holdings, according to a news report from The New York Times. NewsBTC.com earlier reported that Blythe is looking to raise $35M for her blockchain startup before Christmas from leading investor groups such as JPMorgan Chase, where she earlier worked for 27 years, Goldman Sachs, Citigroup, Santander, Bank Of America, Morgan Stanley and NASDAQ. The NYTimes reports that leading financial institutions including Goldman Sachs and Citigroup are miffed that Digital....
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