Report: Blythe Masters' Blockchain Startup Struggles to Close Funding
Digital Asset Holdings, the startup led by ex-JPMorgan exec Blythe Masters, is apparently having issues closing an inaugural investment round. Blythe's previous employer JPMorgan Chase & Co has already committed about $7.5m to the undisclosed round, but Digital Asset has been struggling for some time to complete the deal with other investors, according to The New York Times. Allegedly, major banks including Goldman Sachs and Citigroup have been reluctant to commit to the deal as JP Morgan was "being given better terms than other investors", according to Times sources. More seriously,....
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The year 2015 has been quite a significant one for Bitcoin regarding the amount of VC funding flowing into the world of digital currency. However, not every Bitcoin startup is seeing its fair share of success, despite initial excitement regarding what they want to bring to the table. Blythe Masters’ Bitcoin startup – called Digital Asset Holdings – is struggling to secure additional funding, When a former JPMorgan Chase star banker is having a hard time securing deals with other investors for her new Bitcoin startup, things are looking rather bleak. Although it has to be said these....
Bitcoin-based startup Digital Asset Holdings has had a hard time with closing deals with investors to cap off the company’s first round of funding, according to a report. Former banker and now a prominent personality in the Fintech space Blythe Masters’ Digital Asset Holdings is ‘struggling’ to close its Series A round of funding by investors. The New York Times reports that former JPMorgan employee and now CEO of Digital Asset, Blythe Masters has already been promised an investment of $7.5 million from her former employer. JPMorgan is also seen as the lead investor in Digital Asset....
Less than two weeks after Reuters quoted one of the most powerful women on Wall Street, Blythe Masters, as saying that she is fully committed to her blockchain startup Digital Asset Holdings, it has come to our knowledge that the finance lady is looking to raise $35M in a financing round which is expected to be completed before Christmas Eve. According to the New York Post, even though the round is slated to close in less than 10 days from now, apart from a select few, investors are not so keen. Digital Asset Holdings is planning the blockchain technology to cut down on costs and speed up....
The name Blythe Masters is well-known in the Bitcoin community. Blythe Masters is a former JP Morgan Chase & Co. executive, who currently runs a blockchain startup company called Digital Asset Holdings, LLC. Quite the change from filling the role of Global Head of Commodities at J.P. Morgan, But Blythe Masters embraced the challenge presented by the....
Blythe Masters. Digital Asset Holdings' CEO Blythe Masters has reportedly turned down an offer for a top management position at Barclays to stick with her blockchain technology startup. Blythe Masters, CEO of New York-based Digital Asset has turned down the chance to "run" Barclays' investment banking division and chose to stay with her current blockchain-based startup Digital Holdings. Masters is among the most prominent figures on Wall Street and is known as one of the creators of the credit derivatives market. She left JP Morgan after 27 years with the bank and joined Digital Asset....