Canton Network developer Digital Asset completes $135 million strategic financing, led by DRW Venture Capital and others
ChainCatcher news, according to CoinDesk, the developer of the privacy blockchain Canton Network, Digital Asset, announced the completion of a $135 million strategic financing round. This round was led by DRW Venture Capital and Tradeweb Markets, with participation from well-known companies in traditional finance and the crypto space, including BNP Paribas, Circle Ventures, Citadel Securities, DTCC, Virtu Financial, and Paxos.Canton Network, centered on configurable privacy, has attracted several companies, including Goldman Sachs and BNY Mellon, to test RWAs on its platform. This financing will help the Canton Network further expand the coverage of RWAs, which currently includes asset classes such as bonds, money market funds, alternative funds, commodities, repurchase agreements, mortgages, life insurance, and annuities.According to the Web3 asset data platform RootData, Digital Asset is a blockchain software and service provider that helps enterprises establish economic value through the internet. Digital Asset's products are built on Daml, a leading platform for building and running complex multi-party applications using an innovative smart contract language and tools. Daml features privacy and a top-notch SDK to ensure that all participants in the application remain in sync and have access to reliable real-time data.