todayonchain.com

Digital Asset Holdings Targets $300M in Latest Capital Raise

Cointelegraph
Enterprise blockchain firm Digital Asset Holdings is reportedly raising $300 million at a $2 billion valuation, led by a16z crypto.

Summary

Digital Asset Holdings, the firm behind the enterprise blockchain Canton Network, is reportedly seeking to raise $300 million in a funding round led by a16z crypto at a $2 billion valuation. This move follows a previous $135 million round and underscores the network's ongoing adoption by major financial institutions, including the DTCC, Moody’s, and the Japan Securities Clearing Corporation. The company remains focused on integrating traditional financial services, such as asset tokenization and credit ratings, into its permissioned blockchain ecosystem.

(Source:Cointelegraph)