Digital Asset raises $355M led by a16z crypto, with HSBC, Apollo, CME, BNP Paribas and others backing Canton Network's institutional blockchain expansion.

The funding will enable Digital Asset to accelerate its strategic partners' onchain deployment strategies, CEO Yuval Rooz said.

Digital Asset secured $355 million from investors including a16z crypto, Citadel Securities, and Optiver to expand its Canton Network.