Canton developer Digital Asset raises $355 million in funding

Canton developer Digital Asset has raised $355 million in funding, led by a16z crypto, with Abu Dhabi Investment Authority subsidiary, Apollo Fund, BNP Paribas, Castle Securities, and CME Capital Coinbase Ventures、Polychain、 S&P Global, SBI Group, SoFi, and Tradeweb participated in the investment. Digital Asset has entered a profitable state, and CEO Yuval Rooz stated that financing to expand the balance sheet enhances financial resilience, enabling the company to advance mergers and acquisitions, participate in emerging projects, and assist partners in building an on chain financial business system.