A group of 13 financial institutions, including Deutsche Börse, ICAP, JP Morgan and the Depository Trust & Clearing Corporation, have backed the blockchain startup led by former JP Morgan commodities chief Blythe Masters.

New York-based Digital Asset Holdings has raised more than $50 million from investors, which also include ABN Amro, Accenture, ASX Limited, BNP Paribas, Broadridge Financial Solutions, Citi, CME Ventures, Santander InnoVentures, and The PNC Financial Services Group, it revealed in a statement on January 21.