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.”
Surging Bitcoin Price Affects Exchange and Trading Platforms
These past two months have been a crazy ride for the Bitcoin community. As the cryptocurrencyâs value continues to increase, the number of people trading Bitcoin and the frequency of such trades
Bitcoin Price Rebounds to Near $2,640 Following Yesterday's Losses
The price of bitcoin has rebounded after a notable fall yesterday that saw the digital currency lose over $400 to a low of around $2,352.
Today's resurgence sees the price back up at $2,626 at
Keep it Simple: HitBTC Helps Digix DAO Users Receive ETC Bounty With Ease
HitBTC an exchange based in Hong Kong will start the process of refunding Digix DAO (DGD) users whose tokens were formed on Ethereum main Blockchain before the hardfork took place. It is pertinent to
Bitcoin ‘Has No Intrinsic Value’: Business Insider CEO U-Turns On Digital Currency
As analysts predict Bitcoin’s price anywhere from $1,470 to $6,000 in days, Business Insider CEO told CNBC the virtual currency “has no intrinsic value.” “Bitcoin is the perfect asset for a
Bitcoin Demand Explodes in India, Overwhelmed Exchanges Put Limits on Purchases
The demand for Bitcoins has increased across the world, leading to a surge in its price to all-time highs. In India, with thousands of new users flocking to Bitcoin every day, exchanges have been
US Defence Research Agency To Integrate Blockchain-Based Crypto-Chat Platform
The US Defense Advanced Research Projects Agency (DARPA) has signed another Blockchain innovation deal, this time with Crypto-Chat developer ITAMCO. Under plans published Thursday, ITAMCO will
ConsenSys Academy Debuts With 10-Week Dubai Blockchain Dev Challenge
Blockchain venture platform ConsenSys has announced the launch of its ConsenSys Academy with a 10-week developer challenge. Dubbed the “2017 Challenge,” ConsenSys is giving student and
Dubai Regulator Lowers Regulations with FinTech License
The Dubai Financial Services Authority (DFSA) is lowering the barriers for FinTech firms with a new license to foster and encourage innovation in financial technologies in Dubai.