Digital Asset, the developer of the Canton blockchain network, has raised an additional $10 million from Shinhan Financial Group of South Korea and SC Ventures, the investment arm of Standard Chartered, according to The Block. The new capital increases the company’s latest financing round from $355 million to $365 million, while keeping the equity valuation unchanged at $2 billion. Digital Asset’s Canton Network is a public Layer 1 blockchain built for regulated financial institutions, designed to let firms manage assets and financial workflows on-chain while maintaining compliance and privacy controls. The company had announced the earlier $355 million close last month, led by a16z Crypto. Other participants in that round included ABN Amro, Abu Dhabi Investment Authority, Apollo Funds, BNP Paribas, Citadel Securities, CME Ventures, Coinbase Ventures, Hanwha Investment & Securities, HSBC, S&P Global and SBI Group.
Digital Asset, the developer behind the Canton blockchain network, has raised an additional $10 million from South Korea’s Shinhan Financial Group and SC Ventures, the investment arm of Standard Chartered, according to The Block.
The new funding brings the company’s latest round to $365 million, up from $355 million. The round continues to value the company at $2 billion on an equity basis.
Canton Network targets regulated financial institutions
Digital Asset said Canton Network is a public Layer 1 blockchain built for regulated financial institutions. It is designed to let institutions manage assets and financial workflows on-chain while keeping compliance and privacy controls in place.
Earlier close was announced last month
The company announced a $355 million financing round last month, led by a16z Crypto.
Participants in that round included ABN Amro, Abu Dhabi Investment Authority, Apollo Funds, BNP Paribas, Citadel Securities, CME Ventures, Coinbase Ventures, Hanwha Investment & Securities, HSBC, S&P Global and SBI Group.
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