Digital Asset Holdings, the creator of the Canton Network, is reportedly aiming to raise $300 million at a $2 billion valuation. The funding round, led by a16z crypto, is expected to close soon, highlighting investor interest in blockchain solutions for regulated finance. This follows a $135 million round last year to boost Canton Network adoption.
The new capital will support the expansion of Canton Network's ecosystem, which focuses on privacy and governance in asset tokenization. Recent collaborations include a partnership with the Depository Trust & Clearing Corporation (DTCC) to tokenize assets, and Moody's integration of credit ratings data on-chain. Additionally, the Japan Securities Clearing Corporation is testing on-chain government bonds, and Swiss bank Amina has begun supporting Canton Coin, the network's utility token.
Canton Network Seeks $300M Funding at $2B Valuation
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
