Canton Developer Digital Asset Completes $355 Million Financing Round, Led by a16z Crypto

BlockBeats News, June 11th, Digital Asset (developer of Canton) announced the completion of a $355 million new funding round. This round was led by a16z crypto, with participation from a lineup of investors including a subsidiary of the Abu Dhabi Investment Authority, Apollo Fund, BNP Paribas, Citadel Securities, Citi Ventures, Coinbase Ventures, Polychain, S&P Global, SBI Group, SoFi, Tradeweb, and many other traditional financial and crypto institutions, demonstrating a clear dual participation of "Wall Street + Crypto-native capital."

The company stated that after the completion of this funding round, Digital Asset has become profitable. Its CEO, Yuval Rooz, pointed out that the balance sheet expansion through funding has not only strengthened the company's financial resilience but also enabled it to more freely pursue mergers and acquisitions, participate in emerging projects, and assist partners in building on-chain financial infrastructure.