Digital Asset raises $355M led by a16z to bring capital markets onto Canton Network blockchain
By
Krisztian Sandor
Summary
Digital Asset, the developer behind the Canton Network blockchain used by major financial institutions, has raised $355 million in a funding round led by a16z. The investment includes participation from major global banks and trading firms such as ABN Amro, Apollo Funds, BNP Paribas, Citadel Securities, HSBC, SBI Group, and the Abu Dhabi Investment Authority. The funding will support efforts to bring capital markets onchain, reflecting growing institutional interest in blockchain technology designed for large banks and trading firms.
Source
bskyDigital Asset raises $355M led by a16z to bring capital markets onto Canton Network blockchaincoindesk.comKey quotes
· 3 pulledDigital Asset, the development firm behind the Canton Network blockchain used by major banks and trading firms, said Thursday it closed a $355 million fundraising round to back its efforts to bring capital markets onchain.
The investment was led by a16z, with the participation of global institutions including ABN Amro, Apollo Funds, BNP Paribas, Citadel Securities, HSBC, SBI Group and the Abu Dhabi Investment Authority through a subsidiary.
The amount raised beat the target of $300 million at a $2 billion valuation that was reported
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