The founder of an IPO services company that was sold this month to Nasdaq has lined up several investors for his new company, which will invest in bitcoin and blockchain developers.

Barry Silbert said several firms have agreed to invest in Digital Currency Group, for which he is chief executive. Financial services industry companies that have invested include MasterCard and the Canadian Imperial Bank of Commerce, according to a Tuesday news release.

The total amount raised and additional financial terms were not disclosed. The investments were announced on Tuesday at the Money20/20 conference in Las Vegas.

Additional investors in Digital Currency Group include Bain Capital Ventures, CME Ventures, FirstMark Capital, New York Life Insurance, Novel TMT Ventures, Oak HC/FT, RRE Ventures, Solon Mack Capital and Transamerica Ventures.

Digital Currency Group will be operated as a holding company and not an investment fund, Silbert said in the release.

“Being structured as a company, versus a fund, allows us to evolve with the industry given our permanent capital base and flexible mandate,” Silbert said.

SecondMarket Solutions, which was founded by Silbert, was acquired this month by Nasdaq. Digital Currency Group was formed by combining two subsidiaries of SecondMarket Solutions—the bitcoin trading firm Genesis Global Trading; and Grayscale Investments, the firm that manages the publicly traded Bitcoin Investment Trust. Those subsidiaries were further combined with additional investments that Silbert has made in the bitcoin and blockchain industries.