Canton Network developer Digital Asset eyes $300 million raise at $2 billion valuation, led by a16z crypto: Bloomberg
The Block
Digital Asset, the developer of Canton Network, is reportedly raising $300 million at a $2 billion valuation in a round led by a16z crypto.Summary
Digital Asset, the company behind the institutional blockchain Canton Network, is reportedly in talks to raise $300 million at a $2 billion valuation led by a16z crypto. The network distinguishes itself by offering protocol-level privacy for institutional finance, a key focus for a16z crypto. Despite a broader decline in venture activity, Digital Asset continues to see significant institutional adoption, including support from major players like Visa and successful integration with various financial entities.
(Source：The Block)