a16z led a $355 million funding round for Digital Asset, fueling Canton's network expansion.

CoinFeed reported on June 11th that, according to The Block, Canton network developer Digital Asset has completed a $355 million funding round, led by a16z crypto. Investors include a subsidiary of the Abu Dhabi Investment Authority, Apollo Funds, BNP Paribas, Citadel Securities, CME Ventures, Coinbase Ventures, HSBC, S&P Global, SBI Group, SoFi, and Tradeweb. CEO Yuval Rooz stated that this was an equity funding round, with most institutions being potential Canton users. The funds will be used to accelerate collaborations with institutional partners, mergers and acquisitions, and participation in related projects.