Crypto Funding Frenzy: Digital Asset Secures $355M, Meta Ditches Manus

Digital Asset, a Canton-based developer, has secured $355 million in funding. The round was led by Andreessen Horowitz's (a16z) crypto-focused fund and included notable investors such as Abu Dhabi Investment Authority, Apollo, BNP Paribas, Coinbase Ventures, and Polychain.

The CEO of Digital Asset noted that this new capital gives the company more room to buy other firms and help partners build on-chain finance tools, stating it has reached profitability. This funding round is a significant development in the crypto space as it brings fresh capital into the market.

In separate news, Meta has completed its operational separation from Chinese firm Manus. The move marks a step towards full divestment by Meta. Data sharing between the two companies has stopped, and Meta employees can no longer use Manus tools for internal work.