Digital Asset Raises $10M, Maintains $2B Valuation Amid Institutional Push

Woofun AI reports that Digital Asset, the developer of the Canton (CC) blockchain, has closed a $10 million funding round led by Shinhan Financial Group and SC Ventures, the venture arm of Standard Chartered. This capital injection reinforces the company’s position in the institutional finance sector, with key backers reaffirming their commitment to the platform’s growth trajectory.

The transaction maintains Digital Asset’s valuation at $2 billion, an unchanged figure from previous rounds. Consequently, the company’s total capital raised has climbed to $365 million. This financial stability underscores the enduring appeal of its technology to traditional financial entities seeking robust blockchain solutions.

Canton is engineered specifically for regulated financial markets, facilitating secure and private transactions among banks, asset managers, and other institutions. The network aims to drive the tokenization of real-world assets and modernize settlement systems, addressing critical needs for efficiency and security in legacy financial infrastructure.

Shinhan Financial Group, a major South Korean financial conglomerate, and SC Ventures have participated in earlier rounds, demonstrating long-term strategic alignment.

Woofun AI data shows that the involvement of these Asian and global banking groups highlights the growing traction of permissioned blockchain solutions in the institutional sector, prioritizing compliance, privacy, and interoperability.

While public cryptocurrency markets face regulatory scrutiny and volatility, institutional blockchain projects continue to attract significant investment. This divergence suggests that underlying blockchain technology is steadily being integrated into mainstream finance, driven by the demand for compliant and interoperable infrastructure rather than speculative market movements.