Digital Asset, the developer of the Canton blockchain network, has raised an additional $10 million from Shinhan Financial Group of South Korea and SC Ventures, which is backed by Standard Chartered. According to PANews, the latest round has increased from $355 million to $365 million and remains priced at a $2 billion equity valuation.
Digital Asset said Canton Network is a public Layer 1 blockchain for regulated financial institutions. It allows institutions to manage assets and financial workflows on-chain while maintaining compliance and privacy controls.