Digital Asset Completes $50.00M Funding Round, With Participation From BNY Mellon, Nasdaq, and Others

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

This round of financing follows the company's earlier completion of a $135.00 million 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 which information needs to be kept confidential, and is becoming a strong option for asset tokenization. Asset tokenization is the process of issuing and transferring traditional assets such as stocks and bonds through blockchain technology.

[BlockBeats]