Digital Asset raises fresh funding to scale Canton Network adoption

21Shares has launched its first leveraged SUI ETF on Nasdaq following approval from the SEC, marking a significant milestone in the cryptocurrency investment landscape. This new product allows investors to gain exposure to SUI with enhanced leverage, reflecting the growing demand for innovative financial instruments in the crypto sector.

Digital Assets has secured a strategic investment of approximately $50 million from major financial institutions including BNY, Nasdaq, iCapital, and S&P Global to bolster the adoption of the Canton Network, which focuses on blockchain infrastructure for tokenized real-world assets.

The SEC has approved the first leveraged Sui ETF, allowing 21Shares to launch a 2x product on Nasdaq, reflecting a growing demand for cryptocurrency ETFs. This approval marks a significant step in the evolving landscape of crypto investment products.

Digital Asset has secured approximately $50 million in funding from prominent investors including BNY, iCapital, Nasdaq, and S&P Global to enhance the adoption of the Canton Network, which focuses on onchain tokenization. This funding is expected to facilitate the growth and scalability of the network as institutional interest in tokenization increases.

Coinbase has launched an instant unstaking feature, responding to the rising demand for yield in the cryptocurrency market. This new functionality allows users to quickly access their staked assets, enhancing liquidity and flexibility for investors. The launch comes amid a positive shift in market sentiment, as indicated by the recent recovery of Bitcoin's Coinbase Premium, which has turned positive after weeks of decline.

Arca CIO Jeff Dorman has described the current cryptocurrency market decline as one of the strangest sell-offs ever, noting a disconnect between price movements and macroeconomic conditions. Despite traditional assets like equities and gold reaching all-time highs, cryptocurrencies continue to decline, raising questions about the underlying factors driving this trend.