Digital Asset announced a successful funding round, raising $135 million for its Canton Network, a blockchain designed for institutional use. The funding was co-led by DRW Venture Capital and Tradeweb Markets, with participation from notable firms including Goldman Sachs, BNP Paribas, and Circle Ventures. The raised capital will be utilized to enhance the adoption of decentralized finance on the Canton Network, focusing on integrating real-world assets such as bonds and commodities. Digital Asset's CEO, Yuval Rooz, stated that the funding will support the inclusion of various asset classes and accelerate blockchain's role in institutional finance. Goldman Sachs emphasized the importance of addressing privacy concerns in blockchain implementation, claiming that Canton provides a solution by allowing institutions to customize their privacy settings. The Canton Network aims to streamline financial markets by enabling faster and more efficient transactions between major financial entities.

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