Canton Network Developer Digital Asset Raises $355M at $2B Valuation

Digital Asset, the company behind the privacy-focused Canton Network blockchain, has raised $355 million in a new funding round, lifting its valuation to $2 billion.

The investment round was led by a16z crypto and brought in participation from several major financial institutions and investment firms, including affiliates of the Abu Dhabi Investment Authority, BNP Paribas, Apollo Funds, Citadel Securities, Coinbase Ventures, S&P Global, HSBC, and SBI Group.

With the fresh capital, Digital Asset plans to expand its business network, evaluate potential acquisitions, and support partners in launching blockchain-powered commercial operations.

Source: The Block