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.
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.
Utilizing Case’s biometric security system, Digital Asset Holdings have created a method of distributing and maintaining the crypto-security for companies.
The Case team said:
“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