Digital Asset expands $355M funding round with Shinhan Financial Group and Standard Chartered Ventures as strategic investors.
VC & Fundraising ·
Digital Asset, creator of the Canton blockchain platform, has brought Shinhan Financial Group and SC Ventures by Standard Chartered into its $355 million funding round, which was previously led by a16z crypto. The two financial institutions join an investor base spanning both traditional and decentralized finance, signaling institutional appetite for privacy-enabled blockchain systems designed for regulated capital markets.
Shinhan Financial Group, South Korea's largest banking group, is positioned to facilitate institutional adoption discussions in the region and complements a previously announced Digital Asset partnership with Hanwha. SC Ventures, which invests in technologies supporting next-generation digital financial markets, brings institutional networks and ecosystem connectivity across global markets. Canton, Digital Asset's privacy-first infrastructure, enables financial institutions to move assets, applications, and workflows onto shared blockchain networks while maintaining privacy, compliance control, and interoperability standards required by regulated finance.
The additions underscore a broader institutional push toward privacy-enabled shared blockchain infrastructure capable of addressing settlement, collateral mobility, tokenization, and payments workflows. Whether these new participants will deploy Canton in active production systems or advance specific use cases in their respective regions remains to be seen.