New York-based blockchain company Digital Asset Holdings LLC has raised $50 million in its recent funding round. Prominent financial institutions including Bank of New York Mellon Corporation, Nasdaq, S&P Global, and iCapital participated in the investment. Digital Asset Holdings is known for developing its public blockchain network, Canton Network, which aims to enhance transparency and reliability in financial services through blockchain technology. This fresh funding follows a significant investment earlier this year, when the company secured $135 million led by DRW Venture Capital and Tradeweb Markets, with market makers such as Citadel Securities, IMC, and Optiver also contributing. These investments are intended to strengthen and technologically advance the company’s blockchain platform, enabling financial institutions to conduct transactions securely and efficiently. Digital Asset Holdings’ efforts represent a key step in promoting blockchain adoption within the global financial sector, where digital assets are gaining increasing importance. The new capital infusion will enhance the company’s capabilities and support the introduction of more advanced products and services. However, regulatory frameworks governing blockchain and cryptocurrencies, along with global economic conditions, may impact the company’s future plans.
Source: binance
