New York bank and Nasdaq participate in $50 million digital asset funding round, betting on blockchain

On December 4 (UTC+8), financial sector blockchain company Digital Asset Holdings LLC completed a new funding round of $50.00 million. Participants in the round include Bank of New York Mellon Corp. (BNY Mellon), Nasdaq Inc., S&P Global, and iCapital.

This latest capital raise follows the company's earlier $135.00 million funding round completed earlier this year, which was led by DRW Venture Capital and Tradeweb Markets, with participation from market makers including Citadel Securities, IMC, and Optiver.

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 determine which information remains confidential and is emerging as a strong option for asset tokenization—the process of issuing and transferring traditional assets such as stocks and bonds using blockchain technology.

Multiple institutions, including Goldman Sachs and Tradeweb Markets, are already using Canton Network or participating 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 recently used Canton Network to conduct U.S. Treasury bond trades with digital dollars on a Saturday.

[Odaily]