Digital Asset Secures $355 Million to Enhance Canton Network for Capital Markets
- Digital Asset raised $355 million in a funding round led by a16z, surpassing its target of $300 million.
- Participants included major institutions like ABN Amro, BNP Paribas, and Citadel Securities.
- The investment values Digital Asset at approximately $2 billion.
- Canton Network aims to facilitate the issuance and trading of tokenized real-world assets on a shared ledger.
- The platform emphasizes privacy, compliance, and interoperability tailored for institutional needs.
This funding reflects growing support from traditional financial firms for blockchain solutions designed for regulated markets. Digital Asset’s CEO highlighted the necessity for infrastructure that aligns with institutional operations.
With this recent funding of $355 million, Digital Asset is poised to advance its Canton Network as a key player in the evolution of onchain capital markets.(Source)
