Digital Asset closes $355M funding round with Shinhan Financial Group and Standard Chartered's SC Ventures, expanding institutional adoption for Canton's privacy-enabled onchain markets.
VC & Fundraising ·
Digital Asset, developer of Canton Network, secured an additional $10 million in funding at a $2 billion equity valuation, according to reporting. The investment came from Shinhan Financial Group and SC Ventures as part of an expanding Series D round.
The flat valuation marks a continuation of Digital Asset's fundraising at the same terms established earlier in the Series D process. The broader round has reached $365 million to date. This capital infusion underscores sustained institutional interest in Canton, the company's enterprise blockchain platform.
What remains unclear is the total target size for the Series D round and whether additional investors beyond Shinhan and SC Ventures have participated. The timing and planned use of the $10 million tranche have not been disclosed.