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Canton Developer Digital Asset Completes $355 Million Funding Round, Led by a16z Crypto
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BlockBeats News, June 11th, Digital Asset (developer of Canton) announced the completion of a $355 million new funding round. This round was led by a16z crypto, with participation from a lineup of investors including a subsidiary of the Abu Dhabi Investment Authority, Apollo Fund, BNP Paribas, Castle Island Ventures, Citi Ventures, Coinbase Ventures, Polychain, S&P Global, SBI Group, SoFi, Tradeweb, and many other traditional financial and crypto institutions, demonstrating a clear dual participation of "Wall Street + Crypto Native Capital".

The company stated that after this funding round, Digital Asset has become profitable. Its CEO, Yuval Rooz, pointed out that the fundraising has expanded the balance sheet, not only enhancing the company's financial resilience, but also enabling it to more freely pursue mergers and acquisitions, participate in new projects, and assist partners in building on-chain financial ecosystems.

Source: BlockBeats

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