Digital Asset raised 135 million USD to expand the Canton Network

The company behind the blockchain organization Canton Network - Digital Asset - has successfully raised $135 million in a strategic funding round led by DRW and Tradeweb Markets, with the participation of Goldman Sachs, BNP Paribas, Circle Ventures, Paxos, Polychain Capital, and QCP.

The funds will be used to drive the adoption of organizational and decentralized finance applications on the Canton network. The network currently supports various real assets such as bonds, alternative investment funds and will further expand to assets such as commodities and currency market funds.

Digital Asset states that Canton resolves the conflict between transparency and security - the biggest barrier of blockchain in traditional finance - by allowing organizations to customize the level of privacy as needed.

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