Digital Asset raises fresh funding to scale Canton Network adoption

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 funds in the neighborhood of $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.

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