Wall Street Piles Into Digital Asset as Canton Network Draws $355M Round Led by a16z

Crypto Insight Summary: 1. 3. 5. Digital Asset has closed a $355 million funding round led by a16z crypto, with HSBC, Apollo, CME, BNP Paribas, ADIA, ABN Amro, S&P Global, Tradeweb and more than 20 other institutional names joining as investors. By:• 0 hours ago Blockchains Digital Asset, the company behind the Canton Network institutional blockchain, has closed a $355 million funding round led by a16z crypto, with participation from HSBC, Apollo, CME, BNP Paribas, ABN Amro, ADIA, S&P Global, Tradeweb, and more than 20 other institutional names. The round, , was advised by FT Partners. It values the company above $2 billion, per from May when the round was targeting roughly $300 million. The final close at $355 million exceeded that target. , per DefiLlama, placing it ahead of Tron ($31.27 million) and Ethereum ($13.51 million) over the same window. Crypto Insight Analysis: Direction: Bullish ETH / Neutral BTC Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: Large institutional investment in Canton Network boosts institutional adoption of blockchain technology, benefiting ETH ecosystem.