Digital Asset | Crypto

Digital Asset raised $355M in an a16z‑led round at a $2B valuation, extending a Wall Street‑backed funding run as banks ramp up pilots on its Canton Network blockchain. [Update June 11, 1:50 pm UTC. Adds commentary from Yuval Rooz, cofounder and chief executive of Digital Asset, in the fourth and fifth paragraph] Digital Asset Holdings has raised $355 million in a new round led by Andreessen Horowitz’s crypto arm, highlighting Wall Street’s accelerating push into permissioned blockchain infrastructure. A16z crypto contributed $100 million, alongside 7RIDGE, the Abu Dhabi Investment Authority, Citadel Securities and Optiver, in a deal that values Digital Asset at around $2 billion, according to a Thursday Bloomberg Law report citing people familiar with the matter. Read more

The Depository Trust & Clearing Corporation (DTCC) has partnered with Digital Asset Holdings and the Canton Network to enable the tokenization of DTC-custodied U.S. Treasury securities. The post DTCC and Digital Asset to Tokenize U.S. Treasury Securities on Canton Network appeared first on Cryptonews.

Digital Asset said the roughly $50 million in funding from BNY, iCapital, Nasdaq and S&P Global will help scale the Canton Network as institutions warm to onchain tokenization. Institutional blockchain infrastructure provider Digital Asset, the creator of the Canton Network, has raised about $50 million in strategic investments from BNY, iCapital, Nasdaq and S&P Global, according to a person familiar with the deal. According to an announcement on Thursday, the strategic funding will build on Digital Asset’s strong momentum to scale the Canton Network following recent funding milestones that raised $135 million. The participation of these four big names highlights the range of institutions supporting the Canton Network, as big banks, exchanges, data, and wealth infrastructure all lend their weight to the same underlying blockchain stack. Read more

Digital Asset raised $135 million from Goldman Sachs, Citadel and others to scale its Canton Network and drive tokenization of real-world assets in finance. Institutional blockchain infrastructure provider Digital Asset raised $135 million from investors including Goldman Sachs and Citadel. According to a Tuesday announcement, Digital Asset raised $135 million in a strategic funding round led by DRW Venture Capital and Tradeweb Markets, with participation from financial heavyweights including Goldman Sachs, Citadel Securities, BNP Paribas and the Depository Trust & Clearing Corporation. Crypto-focused backers included Paxos, Polychain Capital and Circle Ventures. Digital Asset said the funding is intended to accelerate the adoption of institutional and decentralized finance on its Canton Network. Read more