TechFlow news, December 4 — According to PRNewswire, blockchain technology company Digital Asset announced strategic investments from BNY Mellon (BNY), iCapital, Nasdaq, and S&P Global (the funding amount was disclosed by Bloomberg as $50 million). These investments reflect the accelerating convergence trend between traditional finance (TradFi) and decentralized finance (DeFi).
Digital Asset is the creator of the Canton Network, which currently supports over $6 trillion in on-chain assets, covering various asset classes including bonds, equities, money market funds, alternative investment funds, and commodities, with participation from more than 600 institutions in its ecosystem. CEO Yuval Rooz stated that this level of institutional involvement underscores the necessity of building blockchain infrastructure for regulated markets. All investors expressed their intent to deepen collaboration with Digital Asset to advance the development of next-generation financial market infrastructure.
