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Digital Asset raised $135 million for expanding Canton Network
Gate News bot news, according to TapChiBitcoin, Digital Asset, the company behind the Block Canton Network institution, raised $135 million in a round of strategic financing led by DRW and Tradeweb Markets, with participation from Goldman Sachs, BNP Paribas, Circle Ventures, Paxos, Polychain Capital, and QCP.
These funds will be used to drive institutional and decentralized financial applications on the Canton network, which currently supports various real-world assets such as bonds, alternative investment funds, and will expand to include assets such as commodities and money market funds.
Digital Asset indicates that Canton has resolved the biggest obstacle faced by Blockchains in traditional finance - the conflict between transparency and privacy - by allowing institutions to customize privacy levels as needed.