TechFlow News, June 11: According to CoinDesk, Digital Asset, the blockchain developer behind Canton Network, announced today the successful completion of a $355 million funding round. The round was led by a16z crypto, with participation from global institutions including ABN AMRO, Apollo Funds, BNP Paribas, Citadel Securities, HSBC, SBI Group, and a subsidiary of the Abu Dhabi Investment Authority. The funding exceeds the previously announced $300 million target, valuing the company at $2 billion.
Canton Network is purpose-built for large financial institutions and enables the issuance and trading of tokenized real-world assets—such as bonds, loans, and funds—on a shared ledger, while simultaneously ensuring privacy and regulatory compliance. In addition to financial backing, a16z crypto will provide specialized support in development, policy, and research.
