Digital Asset Holdings partnered with a New York-based secure hardware wallet developer and manufacturer Case and London-based blockchain security company Elliptic to securely issue the securities to Pivit and its investors.
The Case team said:
The issuance of Pivit’s crypto-security is a part of a US$5 million funding round, which is set to be completed by the end of this month. Upon securing the investment, Pivit will distribute its crypto-security to its investors.
“Our goal is to connect people to content and do that in a way that is interactive with events they care about. It’s a polling mechanism, but not really, and it’s a market place, but it doesn’t come across looking like one.”
Digital Asset Holdings LLC, a blockchain startup led by Former JPMorgan Executive Blythe Masters have issued its first crypto-security for Pivit, an interactive marketplace that uses public opinion, news, and other data to produce odds on global event outcomes in a variety of categories including sports, finance, and politics.
“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. The issuance is an important milestone in demonstrating the potential of blockchain technology,” said Masters in a statement.
“Blythe Masters and the Digital Asset team are positioned to bring together a wide variety of constituents from the financial community,” said Pivit director and co-founder Greg DePetris, in a statement. “And we’re excited to be in a position as a company to take advantage of the efficiencies being created through the institutionalization of blockchain technology.”
Utilizing Case’s biometric security system, Digital Asset Holdings have created a method of distributing and maintaining the crypto-security for companies.
The technologies of Elliptic and Case Inc. will enable the clients of Digital Asset Holdings to take advantage of blockchain technology to transfer assets safely and quickly.
“Maintaining a high level of internal controls is vital to ensuring the integrity of issued financial assets. Enterprises currently take the unnecessary risk of information spillage by using processes that inherently have single points of failure, and multiple hops where such a failure can occur. Case eliminates single points of failure by facilitating direct exchange between parties within a fully auditable cryptographically secured system, therein increasing Information Governance.”
Massive Gains Force Bitcoin Futures Trading to be Halted Twice in Quick Succession
With the CBOE Bitcoin futures going live, no one is surprised the demand is pretty massive. During the first few hours, things have progressed rather nicely. Â At the same time, the massive gains
Bitcoin Will be Legal, Mining to See Regulation: Russia’s Deputy Finance Minister
Russia’s deputy finance minister Alexei Moiseev has reportedly stressed that buying bitcoin and other cryptocurrencies will be legal in the country.
The Russian government will not outlaw nor punis
France Gives Go-Ahead for Blockchain Trading of Unlisted Securities
The French government has given the official nod for trading unlisted securities using blockchain technology, Reuters reports.
According to the article, the government has adopted new rules that wi
Chicago Exchange crashed by Bitcoin
The long awaited launch of Chicago Board Options Exchange Bitcoin futures contracts went off with a bang yesterday as the website was knocked offline by a surge in traffic. The first contracts were
Bitcoin Gold Price Technical Analysis – BTG/USD Buy on Dips
Bitcoin gold price moved above the $230 resistance against the US Dollar. BTG/USD is now a good buy on dips toward the $230-210 levels. This past week, we saw a downside reaction in bitcoin gold
4New’s Blockchain Based Ecosystem to Revolutionize “Waste to Energy” Utility Sector
4New, worldâs first tangible and eco-friendly waste to energy blockchain solution is pushing the energy manufacturers to adopt blockchain technology and revolutionize the Utility Sector, while
Trader who called bitcoin rally says cryptocurrency will surge above $100,000 in 2018
Bitcoin's runaway rally could accelerate next year as the cryptocurrency continues to gain wider acceptance, a trader said Monday. "I wouldn't be surprised to see a six figure headline," said Dave
Bitcoin Breaks CBOE as Futures Up 20% Hours After Launch, Trading at $18,210
Within three hours after its listing of bitcoin futures, the website and online trading platform of the Chicago Board Options Exchange (CBOE) were inaccessible, due to an unexpected spike in demand an