Digital Asset Secures $50m Funding Round from ICAP's Euclid Opportunities

ICAP plc, a markets operator and provider of post trade risk mitigation and information services, has undergone an investment in Digital Asset Holdings LLC, a developer of Distributed Ledger Technology, according to an ICAP statement.

More specifically, ICAP’s early stage Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term investment business, Euclid Opportunities, made an investment that was part of a funding round that surpassed $50 million, constituting a broad range of financial and market infrastructure participants.

ICAP is the second Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term operator today to announce an investment in Digital Asset Holdings. Earlier today, ASX Limited selected Digital Asset to develop its solutions suite for the Australian market by utilizing Distributed Ledger Technology. The development was designed to simplify and speed-up post-trade processing for Australian market participants.

According to Jenny Knott, Chief Executive Officer (CEO) of ICAP’s Post Trade Risk and Information Services, in a recent statement on the investment: “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,” she noted.

“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 Asset’s technology solutions,” added Blythe Masters, CEO of Digital Asset Holdings in an accompanying statement.

“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.”