Digital Asset raises $355 million, led by a16z crypto

Odaily Planet Daily News Canton network developer Digital Asset announced the completion of a $355 million equity financing round, led by a16z crypto, with participation from Abu Dhabi Investment Authority subsidiaries, Apollo Funds, BNP Paribas, Citadel Securities, CME Ventures, Coinbase Ventures, HSBC, S&P Global, SBI Group, SoFi, Tradeweb, and others. The company's primary business is developing the institutional-focused blockchain network Canton. Funds will be used to accelerate partnerships with institutional partners, mergers and acquisitions, and participation in related projects. (The Block)