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The creator of the Canton Network closed a $355 million funding round backed by Wall Street giants and a sovereign wealth fund. The investment supports the development of the blockchain network designed for institutional financial markets. Digital Asset, the company behind the network, secured the capital from a consortium of financial and strategic investors.
Digital Asset, developer of the Canton Network blockchain, raised $355 million in a funding round led by a16z crypto. Global institutions including ABN Amro, Apollo Funds, BNP Paribas, Citadel Securities, HSBC, SBI Group and the Abu Dhabi Investment Authority participated. The funding beat a reported $300 million target at a $2 billion valuation.
Digital Asset raised $355 million, including $100 million from a16z crypto, to build Canton Network, a public blockchain with privacy features. The funding supports development of the network's infrastructure for institutional use cases.
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