Canton Developer Digital Asset Completes $135 Million Funding Round, Led by DRW Venture Capital

Blockbeats
24 Jun

BlockBeats News, June 24th, Privacy blockchain network Canton Network developer Digital Asset has completed a $135 million financing round. The round was led by DRW Venture Capital and Tradeweb Markets, with participation from BNP Paribas, Circle Ventures, Citadel Securities, Depository Trust & Clearing Corporation (DTCC), Virtu Financial, Paxos, and others.

Digital Asset's Canton Network, which focuses on "configurable privacy," has attracted institutions such as Goldman Sachs and BNY Mellon to test real-world assets (RWA) on the platform. The types of real-world assets involved in the Canton Network include bonds, money market funds, alternative funds, commodities, repurchase agreements, mortgage loans, life insurance, and annuity products.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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