Canton Network developer Digital Asset raises $50M, Cointelegraph reports

Digital Asset, the developer of the privacy-focused Layer-1 blockchain Canton Network, has secured $50 million in a recent funding round, Cointelegraph reported, citing a source familiar with the matter. Participants in the round included BNY, iCapital, Nasdaq, and S&P Global. Digital Asset CEO Yuval Rooz stated that institutions across the financial ecosystem recognize the need for blockchain infrastructure built for regulated markets. He added that the investment from firms like Nasdaq and S&P Global represents another milestone for the development of Digital Asset and Canton.