Digital Asset Raises $355 Million From a16z-Led Round With Hanwha Investment, HSBC
Uk Jin
Summary
- Digital Asset said it had secured $355 million in funding to develop the institutional blockchain Canton Network (CC).
- The round was led by venture capital firm a16z Crypto, with participation from Hanwha Investment & Securities, HSBC, BNP Paribas, Apollo funds and Citadel Securities.
- The size of the investment exceeded the $300 million target, and Digital Asset had previously been valued at about $2 billion.
Forecast Trend Report by Period
Digital Asset, the developer of the institutional blockchain Canton Network, has raised $355 million.
The company announced in a funding round led by venture capital firm a16z Crypto, according to a PR Newswire release published June 11. Investors included Hanwha Investment & Securities, HSBC, BNP Paribas, Apollo funds and Citadel Securities.
The fundraising exceeded the previously reported target of $300 million. Digital Asset was previously valued at about $2 billion.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
