Digital Asset Secures $355M Funding to Boost Blockchain in Finance
- Digital Asset closed a $355 million equity round led by A16z Crypto, contributing $100 million.
- Canton Network processes over $4 trillion in monthly volume with U.S. Treasury tokenization aimed for completion in 2026.
- Participants include Abu Dhabi Investment Authority, Apollo Funds, Citadel Securities, BNP Paribas, HSBC, and more.
- The network supports more than $6 trillion in tokenized assets and over $12 billion in digitally native securities issued.
- Settlement times have reduced from T+5 to T+0 in under a minute with over 700 ecosystem participants involved.
Digital Asset’s recent funding round highlights the growing integration of traditional finance with blockchain technology, as demonstrated by the Canton Network’s significant transaction volumes and institutional backing. The investment will be used to support mergers and acquisitions and expand onchain partnerships.
With its profitable status and strategic backing from major financial entities, Digital Asset is positioned to enhance blockchain infrastructure within regulated capital markets significantly. (Source)
