Digital Asset, a software company that is developing proprietary blockchain technology, just raised $50 million as 12 different financial services firms rushed to support the young company. The investors include some of the biggest names in traditional finance like; Citi, JP Morgan, Santandar, PNC, BNP Paribas, ABN Amro – and more. Recently Bitcoin has taken a turn for the worse as prominent developer and advocate Mike Hearn called the cryptocurrency “dead”. But while skeptics are challenging Bitcoin, Blockchain technology is booming as it has the potential to solve issues challenging many financial firms.
http://www.crowdfundinsider.com/2016/01/80647-blockchain-company-digital-asset-raises-50-million-from-13-different-financial-companies/
