Digital Asset Taps Former JP Morgan Exec for ASX Project
More broadly, Cowan is your former JPMorgan executive to leave to get a blockchain venture.
Businessman picture via Shutterstock
ASX came after building proofs-of-concept and running trials.
The securities market has also invested.
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Fintech startup Digital Asset has hired a former JP Morgan Chase executive to operate on a blockchain-based clearing and settlement system it is developing for its Australian Securities Exchange (ASX).
Stewart Cowan the bank’s Asia-Pacific regional leader of trading solutions, can join the company Global Capital reported Thursday. The startup, which will be led by JPMorgan Blythe Masters, struck a deal with ASX in 2017 to rebuild its own CHESS post-trade settlement system.
Earlier this month, Amber Baldet, who headed the growth of the permissioned blockchain stage Quorum of the company, announced her plans to depart and begin a job of her . Details relating to this partnership are rare.
The death of Baldet came just weeks which the banking giant was considering spinning Quorum off to its own independent entity surfaced. It remains unclear what will happen to the branch moving.