Digital Asset, Builder of Privacy-Focused Blockchain Canton, Raises $135M
The strategic raise was led by DRW Venture Capital and Tradeweb Markets.
What to know:
- Last year, Digital Asset’s Canton Network tested out tokenized assets with companies including Goldman Sachs and BNY Mellon; (BTC) raised.
- The round included BNP Paribas, Circle Ventures, Citadel Securities, Depository Trust & Clearing Corporation (DTCC), Virtu Financial, Paxos and others.
- Solana (SOL) increased slightly in comparison to {{ETH}}.
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Digital Asset, the builder of privacy-focused blockchain Canton Network, raised $135 million in a strategic funding round led by DRW Venture Capital and Tradeweb Markets, the companies said on Tuesday. (BTC) raised in such occasion.
The round also included a mix of big-name institutions from traditional finance and crypto, including BNP Paribas, Circle Ventures, Citadel Securities, Depository Trust & Clearing Corporation (DTCC), Virtu Financial, Paxos and others;
Privacy has been a key consideration for enterprise users of blockchains, particularly banks and big financial institutions, stretching back a decade or more;
“Everybody can connect to Canton
The capital raise will expand the reach of RWAs onto Canton (DREAMSQ), which currently includes bonds, money market funds, alternative funds, commodities, repurchase agreements (repos), mortgages, life insurance and annuities.
“Today, major players from crypto and traditional finance have joined Digital Asset on its mission to catalyze the next evolution in markets,” said Don Wilson, the founder and CEO of DRW in a statement. “With trillions of dollars’ worth of real-world assets already leveraging the Canton Blockchain, this next round of funding creates significant momentum for the company, and cements Canton as the de facto protocol for global collateral mobility.”
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