ChainCatcher, citing The Block, reported that Digital Asset, the developer of Canton, has completed a $355 million financing round. The round was led by a16z crypto and included a broad group of participants spanning investment institutions, financial firms, trading and market infrastructure companies, and crypto-focused investors. According to the company, Digital Asset has entered profitability following the completion of the financing.
a16z crypto leads a round backed by financial and crypto investors
The participating investors include a subsidiary of the Abu Dhabi Investment Authority, 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 investor list brings together names from traditional finance, securities trading, asset management, market infrastructure and the crypto investment sector.
The report identifies Digital Asset as the developer of Canton and states that the new financing totals $355 million. The company said the round has helped it reach profitability. Digital Asset framed the expanded balance sheet as a key outcome of the raise, linking it to financial flexibility and a broader ability to move ahead with corporate and business-development initiatives.
Yuval Rooz says balance sheet expansion adds flexibility
Digital Asset CEO Yuval Rooz said that expanding the balance sheet through the financing not only strengthens the company’s financial resilience, but also allows it to pursue mergers and acquisitions with greater freedom, participate in emerging projects, and help partners build financial business systems based on blockchain infrastructure.
Rooz’s comments connect the financing directly with Digital Asset’s operating plans after the raise. The stated areas of focus are acquisitions, participation in new projects, and support for partners developing on-chain financial business systems. The company did not provide additional figures beyond the $355 million round in the source report.