According to ChainCatcher and CoinDesk, Digital Asset, the developer of the privacy blockchain Canton Network, has announced the completion of a $135 million strategic financing round. The round was led by DRW Venture Capital and Tradeweb Markets, with participating institutions including BNP Paribas, Circle Ventures, Citadel Securities, DTCC, Virtu Financial, Paxos, and other well-known companies in traditional finance and crypto.
With configurable privacy as its core, Canton Network has attracted multiple companies, including Goldman Sachs and Bank of New York Mellon, to test RWAs on its platform. This financing will help Canton Network further expand the coverage of RWAs, which currently includes asset classes such as bonds, money market funds, alternative funds, commodities, repurchase agreements, mortgage loans, life insurance, and annuities.
According to Web3 asset data platform RootData, Digital Asset is a blockchain software and service provider that helps enterprises establish economic value through internet networks. Digital Asset's products are built on Daml, a leading platform for building and running complex multi-party applications using innovative smart contract languages and tools. Daml has privacy and a top-tier SDK that ensures all participants in an application remain synchronized and access reliable real-time data.
