Strategic investment made through ICAPs early stage fintech funding business
London/New York, 21 January, 2016 ICAP plc , a leading markets operator and provider of post trade risk mitigation and information services, announced today that it has invested in Digital Asset Holdings LLC, a developer of Distributed Ledger Technology for the financial services industry. The investment was made through Euclid Opportunities, ICAPs early stage fintech investment business, and forms part of a funding round that exceeds $50 million from a broad range of leading financial and market infrastructure participants. Terms of the investment were not disclosed.
Jenny Knott, CEO of ICAPs Post Trade Risk and Information Services, said, Distributed Ledger Technology has the potential to significantly benefit the financial landscape, and Digital Asset Holdings is at the forefront of developments in this field. ICAP will continue to explore options to use Distributed Ledger Technology to build next generation products and identify further opportunities for innovation in this field.
These investments represent a tremendous endorsement from banks, exchanges, settlement and clearing firms, central securities depositories and market infrastructure and professional services providers, of the transformative power of Digital Assets technology solutions, said Blythe Masters, CEO of Digital Asset. Our strategic investors have come together from across the financial services industry to help drive global adoption of transformative solutions which enhance the vital services that they provide.