Digital Asset Holdings is pursuing $300 million in new funding through its latest capital raise. The company operates the Canton Network and has secured leadership from a veteran crypto venture capital firm for the effort.
Digital Asset Holdings, the firm behind the Canton Network, announced plans to raise $300 million in its current funding round. The initiative focuses on expanding operations within the digital asset sector.
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Digital Asset, the developer behind the Canton Network blockchain, announced it has closed a $355 million funding round led by a16z crypto.
Peer-to-peer trading startup Variational has secured $50 million in a Series A funding round to expand its onchain derivatives platform focused on real-world assets.
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Sumitomo Mitsui Trust is considering up to ¥380 billion in digital investments. The bank also plans to spend ¥30 billion on operational optimization and reposition around 900 employees into client-facing roles.
Digital asset company Bakkt has completed its equity-based acquisition of stablecoin infrastructure firm Distributed Technologies Research. The deal aims to create a 24/7 digital settlement layer by integrating DTR's technology. Bakkt issued more than 11.3 million shares as part of the transaction.
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Kalshi is seeking to raise new capital at a valuation of about 40 billion dollars, nearly doubling its previous 22 billion dollar valuation, according to people familiar with the matter.