Digital Asset Raises $355M to Fuel Canton Network Growth

Digital Asset has secured a massive $355 million funding round led by venture capital giant a16z crypto. This capital injection will help grow the Canton Network at an even faster pace, as institutional blockchain adoption continues to rise.

The various TradFi and DeFi institutions that participated in the round include Abu Dhabi Investment Authority subsidiary, Apollo Funds, BNP Paribas, Broadridge, Citadel Securities, CME Ventures, Coinbase Ventures, Greenwulf Asset Management, Hanwha Investment & Securities, HSBC, Liberty City Ventures, Optiver, Polychain, S&P Global, SBI Group, SoFi, Tradeweb, and William Blair.

The institutional investors did not receive native crypto tokens for their investment. Instead, Digital Asset rewarded them with corporate equity to ensure that it meets international regulatory requirements.