Digital Asset completes $50 million financing, with participation from BNY Mellon, Nasdaq, and others

On December 4, Digital Asset, the developer behind the financial blockchain network Canton Network, completed a new $50 million funding round with participation from BNY Mellon, Nasdaq, S&P Global, and iCapital. This round follows the company’s earlier $135 million raise earlier this year, which was led by DRW Venture Capital and Tradeweb Markets, with participation from market makers such as Citadel Securities, IMC, and Optiver. Canton Network aims to handle financial transactions, allowing users to decide which information needs to remain confidential, and is becoming a strong option for asset tokenization. Asset tokenization refers to the process of issuing and transferring traditional assets like stocks and bonds using blockchain technology.