Digital Asset raises fresh funding to scale Canton Network adoption
PositiveCryptocurrency
- 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.
- The fresh capital injection is significant for Digital Asset as it aims to position the Canton Network as a leading platform for tokenization, catering to the evolving needs of institutional clients and enhancing its competitive edge in the cryptocurrency market.
- This development reflects a broader trend in the cryptocurrency sector, where institutions are increasingly exploring tokenization as a means to streamline operations and improve liquidity. The appointment of Taurus as a super validator on the Canton Network further underscores the growing institutional engagement and the shift towards innovative blockchain solutions without traditional fundraising methods like ICOs.
— via World Pulse Now AI Editorial System
