Former JPMorgan’s executive Blythe Masters is reportedly facing problems while trying to raise funds for her blockchain focused startup Digital Asset Holdings.
The move signals a major stride on the part of JPMorgan as it intensifies its efforts towards boosting the commercial applications of blockchain technology.
Bittrex Global, a major cryptocurrency exchange, has listed a token by JPMorgan’s blockchain spin-off Kadena (KDA) becoming the first exchange to list it at a market cap of $13 million.
Amber Baldet, the former head of blockchain projects at JP Morgan, announced her new project Clovyr. Patrick Mylund Nielsen, former developer for J.P. Morgan’s open source blockchain projects, became her partner.
Amber Baldet, a JPMorgan Chase executive who leads the bank’s blockchain team, is leaving the company to start a business of her own.
According to yesterday published JPMorgan’s Global Research, despite it will be very difficult for cryptos to completely displace government-issued currencies, they can play a decisive role in the diversification of global bond and equity portfolios.
Chronicled demonstrated a solution that creates a secure link between any physical asset and the blockchain.
The platform called Quorum will allow using a publicly available system for confidential transactions.
The testing is a part of bank’s blockchain project aimed at adoption of the technology to the banking industry.
The project aims at transformation of loans and settlements with a help of blockchain technology.
Digital Asset Holdings, the blockchain-focused startup run by Blythe Masters, has announced it will open an office in London and hire two new executives.