TechFlow News, May 13: According to CoinDesk, three blockchains focused on stablecoins and tokenization—Arc, Canton, and Tempo—have collectively raised over $1 billion, reflecting growing institutional demand for privacy-oriented crypto infrastructure. Matt Hougan, Chief Investment Officer at Bitwise, stated that as cryptocurrencies further enter mainstream finance, privacy features may become a key use case for the industry. Specifically, Circle recently raised $222 million for Arc, valuing it at $3 billion; Digital Asset is reportedly raising $300 million for Canton, with a valuation of $2 billion; and Tempo—which has backing from Stripe and Paradigm—previously raised $500 million, achieving a $5 billion valuation. Hougan also noted that advancing U.S. stablecoin legislation is providing a clearer regulatory environment for institutional investment in related infrastructure.
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