Digital Asset Secures Additional $10 Million Funding

Digital Asset, the developer of the Canton blockchain network, announced on July 21 that it has welcomed Shinhan Financial Group and SC Ventures as strategic investors. Both companies have contributed an additional $10 million, bringing the total amount raised in this round to $365 million. The equity valuation remains at $2 billion. This round was led by Andreessen Horowitz, with participation from HSBC, BNP Paribas, and the SBI Group. The Canton network is the only public Layer 1 blockchain equipped with privacy features for institutional investors, providing an on-chain foundation for regulated capital markets. The CEO of Digital Asset stated that the adoption of blockchain in financial markets will be driven by institutions ready to move beyond pilot projects to full-scale operations. Implementation is progressing with on-chain transactions of U.S. Treasury bonds, and this funding is expected to lead to an expansion of institutional investor adoption in Asia.

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