🇺🇸 the blockchain company specializing in the financial sector Digital Asset Holdings LLC has closed a new funding round of 50 million dollars. Among the investors are Bank of New York Mellon Corp. (BNY Mellon), Nasdaq Inc., S&P Global, and iCapital. This new financial contribution follows a fundraising of 135 million dollars conducted earlier this year. The previous financing round was led by DRW Venture Capital and Tradeweb Markets, with participation from market makers such as Citadel Securities, IMC, and Optiver. Based in New York, Digital Asset Holdings LLC is known for the development of the public blockchain Canton Network. Canton Network aims to process financial transactions, allows users to choose which information should remain confidential, and establishes itself as a solid option for asset tokenization. Asset tokenization involves issuing and transferring traditional assets such as stocks and bonds via blockchain technology. Several institutions, including Goldman Sachs and Tradeweb Markets, are already using Canton Network or participating in the governance of its management entity, the Global Synchronizer Foundation. This new funding from banks and exchange operators reflects the growing institutional interest in blockchain. For example, several banks and Wall Street trading firms have used Canton Network to execute transactions of U.S. Treasury bonds denominated in digital dollars on a Saturday.
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