Citadel Securities · Abu Dhabi · Circle · Wall Street · Ark Invest · CoinDesk
Canton Network developer raises $355 million to bring Wall Street onchain
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Digital Asset, the development firm behind the Canton Network (CC) blockchain used by major banks and trading firms, said Thursday it closed a $355 million fundraising round to back its efforts to bring capital markets onchain.
Key facts
- Circle Internet (CRCL), the stablecoin issuer behind USDC, raised $222 million for its Arc blockchain at a $3 billion valuation, drawing backing from BlackRock, Apollo Funds, a16z crypto and ARK
- The amount raised beat the target of $300 million at a $2 billion valuation that was reported last month
- Digital Asset, the development firm behind the Canton Network (CC) blockchain used by major banks and trading firms, said Thursday it closed a $355 million fundraising round to back its efforts
- The investment was led by a16z, with the participation of global institutions including ABN Amro, Apollo Funds, BNP Paribas, Citadel Securities, HSBC, SBI Group and the Abu Dhabi Investment Authority
Summary
Digital Asset, the developer of the Canton Network blockchain, said it raised $355 million in a funding round led by a16z crypto. Global institutions including ABN Amro, Apollo Funds, BNP Paribas, Citadel Securities, HSBC, SBI Group and the Abu Dhabi Investment Authority joined the round. The funding underscores the growing interest from traditional finance in blockchain infrastructure tailored to regulated markets and institutions.