Odaily, citing The Block, reported that Digital Asset, the developer of the Canton network, has completed a $355 million equity financing round. The round was led by a16z crypto.
Institutional and crypto investors join the round
Participants in the financing included a subsidiary of Abu Dhabi Investment Authority, Apollo Funds, BNP Paribas, Citadel Securities, CME Ventures, Coinbase Ventures, HSBC, S&P Global, SBI Group, SoFi and Tradeweb. Digital Asset’s main business is developing Canton, a blockchain network designed for institutional use.
According to the announcement, the newly raised capital will be used to accelerate cooperation with institutional partners, support mergers and acquisitions, and take part in related projects.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.