ASX Increases its Holdings in Blythe Masters’ Digital Asset Holdings

[kreslik.news]

The Australian Securities Exchange (ASX) has exercised some of its options to buy more shares of Blythe Masters’ blockchain firm – Digital Asset Holdings. The exchange today announced that it has paid an additional $7.16 million to expand its control in the venture from around 5% to approximately 8.5% and will appoint a representative to the board of Digital Asset Holdings as it increases its holding.

This comes after ASX already paying $10.5 million to acquire its initial 5% equity stake in the startup in January. ASX then selected Digital Asset Holdings to develop solutions for the Australian market utilizing distributed ledger technology. The exchange wants a blockchain solution ... (read more)