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Canton Developer Digital Asset Completes $355 Million Financing Led by a16z Crypto

On June 11, Digital Asset (Canton developer) announced the completion of a new round of financing totaling $355 million, led by a16z Crypto. The investment round included participation from various traditional financial and crypto institutions, such as a subsidiary of the Abu Dhabi Investment Authority, Apollo Global Management, BNP Paribas, Castle Securities, CME Ventures, Coinbase Ventures, Polychain, S&P Global, SBI Group, SoFi, and Tradeweb, showcasing a clear dual participation characteristic of 'Wall Street + crypto-native capital.' The company stated that following this financing round, Digital Asset has entered a profitable state. CEO Yuval Rooz noted that the financing has expanded the balance sheet, enhancing the company's financial flexibility and enabling it to pursue mergers and acquisitions more freely, engage in emerging projects, and assist partners in building on-chain financial business systems.

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