Digital Asset Holdings is reportedly seeking a $35 million funding round that would put the blockchain technology startup's valuation at $100 million.
The firm run by Wall Street veteran Blythe Masters hopes to close the round by Dec. 24, although the deal is still in negotiations, according to the New York Post.
Digital Asset didn't respond to a request for comment on Thursday.
Masters' former employer JPMorgan Chase is expected to lead the funding with a $7.5 million investment. Santander Bank, where she is nonexecutive chairman of its U.S. consumer unit, is expected to invest $3 million.
Bank of America, Goldman Sachs, Morgan Stanley, Citigroup, Nasdaq and Markit are among other potential participants in the round. The Post cites an email where Masters reportedly called the raise "quite materially oversubscribed."