Digital Asset Raises Additional $10 Million with Strategic Investments from Shinhan Financial Group and SC Ventures

Corporate ActionDigital Finance
โดย NADA NEWS·Read original
Summary · why it matters

Digital Asset, the developer of the Canton blockchain network, has raised an additional $10 million, bringing in South Korea's Shinhan Financial Group and Standard Chartered's SC Ventures as strategic investors. This expands the total funding round announced in June from $355 million to $365 million, with the equity valuation unchanged at $2 billion. The initial round was led by a16z crypto, with participation from HSBC, BNP Paribas, and SBI Group. The Canton network is the only public layer-1 blockchain with privacy features for institutional investors, and this investment is expected to drive greater institutional adoption in Asia.

Impact on stocks 5

Financials▲ · 4 stocks
Shinhan Financial Group
055550
▲ PositiveCapitalrelevance

Shinhan Financial Group made a strategic investment in Digital Asset, signaling potential future collaboration.

Standard Chartered PLC
STAN
▲ PositiveCapitalrelevance

SC Ventures, a subsidiary of Standard Chartered, invested in Digital Asset, indicating strategic interest.

Digital Finance & Tokenization▲ · 1 stocks

Theme Impact 1

Off-coverage companies 2

Digital Asset Holdings, LLCPrivate▲ Positive
Capitalrelevance

Digital Asset raised additional $10 million from strategic investors, expanding its funding round.

a16z cryptoPrivate± Mixed
relevance

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