Bank of New York and Nasdaq participate in $50.00M new digital asset financing, betting on blockchain

Blockchain financial company Digital Asset Holdings LLC has completed a new round of financing worth $50.00 million. Participants in this round include Bank of New York Mellon Corp. (BNY Mellon), Nasdaq Inc., S&P Global, and iCapital.

This new funding follows the company's earlier $135.00 million raise this year. The previous round was led by DRW Venture Capital and Tradeweb Markets, with market makers such as Citadel Securities, IMC, and Optiver participating.

Headquartered in New York, Digital Asset Holdings LLC is known for developing the public blockchain Canton Network. Designed to handle financial transactions, Canton Network allows users to control which information remains confidential and is emerging as a strong option for asset tokenization. Asset tokenization refers to the process of issuing and transferring traditional assets like stocks and bonds using blockchain technology. Institutions including Goldman Sachs and Tradeweb Markets are already using Canton Network or are involved in its governing entity, the Global Synchronizer Foundation.

This latest investment from banks and exchange operators reflects growing institutional interest in blockchain. For example, several Wall Street banks and trading firms have used Canton Network to conduct U.S. Treasury bond trades with digital dollars on a Saturday.

[Odaily]