What does Digital Asset do?
Digital Asset is an NYC-based blockchain technology company that delivers privacy-enabled solutions to enhance traditional and digital financial markets. The company is known for creating the Canton Network, a secure, interoperable infrastructure that facilitates efficient and transparent capital flows.
How much did they raise?
The company raised $135M in funding with a round led by DRW Venture Capital and Tradeweb Markets, joined by participants such as BNP Paribas, Circle Ventures, Citadel Securities, and several other prominent financial institutions.
What are their plans for the money?
Digital Asset intends to use the funds to expand the integration of hundreds of billions of real-world assets onto its Canton Network. This initiative aims to broaden the deployment of diverse asset classes including bonds, money market funds, alternative funds, and more, potentially transforming global financial operations.
What have they achieved so far?
The company has already made significant strides by deploying a variety of asset classes on its platform and establishing itself as a critical player in bridging decentralized and traditional finance.