
Canton Network’s Digital Asset targets $2 billion valuation in a16z crypto-led raise: Bloomberg

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Digital Asset Holdings is aiming to raise approximately $300 million at a valuation of around $2 billion, with a16z crypto as a potential investor. This funding round, advised by FT Partners, follows a $50 million strategic investment from firms like BNY and Nasdaq. The Canton Network, a blockchain for financial institutions, recently enabled the first cross-border intraday repo using tokenized U.K. gilts.
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