Digital Asset Completes $50.00M Financing Round with Participation from BNY Mellon, Nasdaq, and Others

On December 4, Digital Asset, the developer of the financial blockchain network Canton Network, completed a new round of $50.00M in financing with participation from BNY Mellon, Nasdaq, S&P Global, and iCapital.

This financing follows the company's earlier completion of $135.00M in financing this year, which was led by DRW Venture Capital and Tradeweb Markets, with participation from market makers such as Citadel Securities, IMC, and Optiver.

Canton Network aims to handle financial transactions, allowing users to decide what information needs to be kept confidential, and is becoming a powerful option for asset tokenization. Asset tokenization is the process of issuing and transferring traditional assets such as stocks and bonds through blockchain technology.

[BlockBeats]