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How much financing has Canton Developer Digital Asset raised?

2026-07-23 00:03:33
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Digital Asset Company has raised more than US$812 million in its latest round of introduction to Asian and British banking giant

New York-based Digital Asset (@digitalasset) is the developer of Canton Network (@CantonNetwork). According to data, the company has raised at least US$812 million in total since its establishment in 2014. The latest amount of funding was available on July 21, and Shinhan Financial Group and SC Ventures, a venture capital arm of Standard Chartered Bank, joined previously oversubscribed financing rounds.

Regardless of the final total, its growth trajectory is clearly visible. In the past 13 months alone, the company has raised approximately $550 million in financing. Its shareholder list is now a global financial industry directory: Goldman Sachs, HSBC, BNP Paribas, Bank of New York Mellon, Nasdaq, and two new banking giants from Asia and the United Kingdom.

Latest Investment Details

On July 21, Digital Asset announced that Shinhan Financial Group and SC Ventures would join its financing round completed in June. The company did not disclose the investment amount of the two institutions, but tracking platforms and follow-up reports showed that the additional investment amount was US$10 million, increasing the total amount of the round from US$355 million to US$365 million.

The strategic logic of this round of financing is regional. Shinhan Financial Group is South Korea's largest banking group and is expected to promote discussions on institutional adoption in Asia, in line with Digital Asset's recent cooperation with Hanwha Group. SC Ventures brings Standard Chartered Bank's global network and its digital asset ecosystem. Company CEO Yuval Rooz (@YuvalRooz) said blockchain applications in financial markets will be driven by institutions ready to "move beyond the experimental stage and into the production stage."

How big is the June financing round?

On June 11, the core financing round was completed with a total amount of US$355 million, led by a16z crypto (@a16zcrypto), with a capital contribution of US$100 million. Digital Asset's valuation after this round of financing is about US$2 billion, well above the target of about US$300 million reported by Bloomberg in May.

The investor list exceeds 20, including 7RIDGE, ABN Amro, Apollo Funds, Castle Securities, CME Ventures, Coinbase Ventures, HSBC, Polychain, Hanwha Investment Securities, SoFi, Tradeweb, and subsidiaries of the Abu Dhabi Investment Authority. FT Partners acted as an adviser on the transaction.

Rooz views the financing as a balance sheet expansion of the company's already profitable business, providing room for acquisitions and ecological investments.

How does the total financing amount constitute?

The disclosed financing rounds are as follows:

July 2026: US$10 million financing expansion (Shinhan Financial Group, SC Ventures)
June 2026: US$355 million strategic financing (led by a16z crypto, valued at US$2 billion)
December 2025:5000 million (Bank of New York Mellon, Nasdaq Ventures, S & P Global, iCapital)
June 2025: US$135 million Series E financing (DRW Venture Capital and Tradeweb jointly led the investment)
April 2021: US$120 million Series D financing (7RIDGE and Eldridge)
December 2019: US$35 million Series C funding (Accenture, Citi Ventures, DTCC, Deutsche Börse, etc.)
October 2017: US$40 million Series B financing (Blackstone)
2016: Two rounds of financing totaled US$67.2 million, of which US$60 million was led by Goldman Sachs

The total disclosed capital above is US$812.2 million, and the actual total may be higher. Specific amounts were not disclosed in the Series C expansion financing in 2020 involving Samsung Ventures and Salesforce Ventures, as well as the strategic financing led by SBI Investment in 2022.

Why are banks investing in each other?

Funding clearly points to the expansion of Canton, Digital Asset's privacy-protected Layer-1 network built specifically for regulated capital markets. The selling point is that institutions can chain asset, settlement and collateral workflows without exposing sensitive transaction data to every participant, which is the core reason why banks have long opposed public chains.

This selling point seems to be working. The company said the network already supports approximately $6 trillion in tokenized asset offerings; JPMorgan Chase and DTCC are its users, and Visa joined as a super-verification node in March. Many of the investors raised in June are also potential users of Canton, which is exactly the flywheel effect Digital Asset has spent a decade trying to build.

As the token business heats up, the importance of equity structure has become prominent. Investors are buying shares in Digital Asset rather than the network's native token,$CC. Neither the latter's recent listing on Bithumb nor Gray's proposed spot CC ETF has provided a significant boost. Because Rooz insisted the company did not need the money to keep it afloat, the $365 million was not so much a lifeline as a war reserve.

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