30 May 2017
Visit cib.db.com

Pivit issues capital investment on blockchain with Digital Asset Holdings

09 September 2015  |  6828 views  |  0 Numbers

Real-time predictive marketplace Pivit has issued a portion of its upcoming $5 million investment round using distributed ledger technology from Digital Asset Holdings.

The transaction marks the first successful securities issuance by Digital Asset, the cryptocurreny outfit helmed by former JP Morgan big wig Blythe Masters.

Digital Asset worked with secure wallet platform provider Case, and blockchain security company Elliptic on the creation of the digitally-issued securities, which remain under the full control of Pivit and its investors.

“Digital Asset is proud to have provided the technology to permit Pivit and its investors to take advantage of the efficiency, speed and security of issuance of a private security on the blockchain,” says Masters. “The issuance is an important milestone in demonstrating the potential of blockchain technology"

Masters has been generating excitable headlines in the press lately with her outspoken opinions on the potential of the blockchain to spark a revolution in financial services. The banker who helped give the world credit-default swaps recently told Bloomberg: “You should be taking this technology as seriously as you should have been taking the development of the Internet in the early 1990s. It’s analogous to e-mail for money.”

The use of the blockchain for issuing shares in private markets has been documented in a new report from consultancy Aite, which expects spending on distributed ledger technology in the capital markets arena to grow from $75 million today, to $400 million by 2019.
KeywordsFINDEX

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Earthport opens gateway to distributed ledgers with Ripple

Earthport opens gateway to distributed ledgers with Ripple

18 August 2015  |  11575 views  |  0 comments | 26 tweets | 20 linkedin
Blockchain poised to become banking's biggest disruptor yet - BBVA Compass economists

Blockchain poised to become banking's biggest disruptor yet - BBVA Compass economists

11 August 2015  |  25192 views  |  1 comments | 66 tweets | 33 linkedin
Deutsche Bank backs blockchain potential

Deutsche Bank backs blockchain potential

31 July 2015  |  15247 views  |  0 comments | 37 tweets | 22 linkedin
Peter Randall resurfaces with post-trade blockchain startup

Peter Randall resurfaces with post-trade blockchain startup

27 July 2015  |  13128 views  |  0 comments | 17 tweets | 14 linkedin
Wall Street eyes the blockchain

Wall Street eyes the blockchain

23 July 2015  |  10509 views  |  0 comments | 24 tweets | 12 linkedin
Swift offers grant for research into the blockchain in securities markets

Swift offers grant for research into the blockchain in securities markets

13 July 2015  |  12034 views  |  0 comments | 21 tweets | 6 linkedin
Blockchain could upend post-trade infrastructure - BNP Paribas analyst

Blockchain could upend post-trade infrastructure - BNP Paribas analyst

06 July 2015  |  9988 views  |  0 comments | 18 tweets | 15 linkedin
Citi builds blockchains

Citi builds blockchains

02 July 2015  |  10674 views  |  2 comments | 24 tweets | 12 linkedin
Digital Asset begins distributed ledger roll-up with Hyperledger acqusition

Digital Asset begins distributed ledger roll-up with Hyperledger acqusition

26 June 2015  |  6716 views  |  0 comments | 5 tweets | 5 linkedin
Nasdaq calls in Chain for blockchain project

Nasdaq calls in Chain for blockchain project

24 June 2015  |  4854 views  |  0 comments | 10 tweets | 6 linkedin
Barclays bets on blockchain and startups to re-invent finance

Barclays bets on blockchain and startups to re-invent finance

22 June 2015  |  20037 views  |  0 comments | 40 tweets | 16 linkedin
Niederauer backs 'smart securities' startup Symbiont

Niederauer backs 'smart securities' startup Symbiont

09 June 2015  |  5362 views  |  0 comments | 4 tweets | 12 linkedin
LHV Bank uses blockchain tech to issue receivables claims

LHV Bank uses blockchain tech to issue receivables claims

09 June 2015  |  17046 views  |  0 comments | 27 tweets | 16 linkedin
Blockchain-based financial contract platform Mirror secures $8.8m

Blockchain-based financial contract platform Mirror secures $8.8m

03 June 2015  |  5671 views  |  0 comments | 11 tweets | 3 linkedin
Nasdaq OMX embraces the blockchain

Nasdaq OMX embraces the blockchain

11 May 2015  |  6791 views  |  0 comments | 15 tweets | 9 linkedin
Overstock looks to issue Bitcoin-style stocks

Overstock looks to issue Bitcoin-style stocks

29 April 2015  |  5598 views  |  0 comments | 3 tweets | 3 linkedin

Related blogs

Create a blog about this story (membership required)
Download the paper nowvisit www.response.ncr.comvisit www.wavestone-advisors.co.uk

Top topics

Most viewed Most shared
BBVA launches Open API marketplaceBBVA launches Open API marketplace
15343 views comments | 54 tweets | 82 linkedin
Did someone cancel the fintech revolution?Did someone cancel the fintech revolution?
11006 views comments | 49 tweets | 32 linkedin
Bank of America preps data sharing serviceBank of America preps data sharing service
8275 views comments | 22 tweets | 19 linkedin
R3 raises $107mR3 raises $107m
8194 views comments | 17 tweets | 16 linkedin
Digital payments to drive social justiceDigital payments to drive social justice
8177 views comments | 25 tweets | 12 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job