Goldman Sachs and IBM follow up, blockchain company DAH raises $60 million

New York blockchain startup Digital Asset Holdings announced today that investment banking giant Goldman Sachs and Big Blue IBM have joined its latest round of financing, bringing the total amount of this round to $60 million.

As reported earlier this week, the company is working with JPMorgan Chase on a blockchain trial project, and now it has the support of 14 financial institutions.

Other participants in the round include ABN AMRO, Accenture, ASX, BNP Paribas, Broadridge Financial Solutions, Citi, CME Ventures, Deutsche Börse Group, ICAP, Santander Ventures, DTCC and PNC Financial Services Group.

This round of financing also marks Goldman Sachs' second public investment in the Bitcoin and blockchain space. The last one took place last year, when Goldman Sachs led a $50 million financing round in Bitcoin service provider Circle.

Paul Walker, Goldman Sachs' global co-head of technology, said in a statement:

“We believe that distributed ledger technology will play a transformative role in how financial institutions conduct transactions on a global scale, and we look forward to engaging with Digital Asset and the broader financial and technology communities on this emerging technology.”

(Photo: Paul Walker, Global Co-Head of Technology at Goldman Sachs)

This is the first time that the Blue Giant IBM has publicly disclosed its investment in a blockchain company. IBM currently plays a leading role in the Open Ledger Project, an open source initiative that also includes Digital Asset.

“We are excited to work together on distributed ledger technologies that will allow clients to transform their businesses and further strengthen our partnership with Digital Asset,” said Jerry Cuomo, head of IBM Blockchain Research, adding:

“Blockchain has the potential to truly transform a wide range of industries, and IBM is committed to making it ready for business.”

(Photo: Jerry Cuomo, head of IBM blockchain research)

Original article: http://www.coindesk.com/digital-asset-funding-60-million-ibm-goldman-sachs/
By Pete Rizzo
Translator: Overnight porridge
Source (translation): Babbitt Information (http://www.8btc.com/ibm-goldman-sachs)