BNY and Nasdaq Invest in Blockchain Tech Company Digital Asset

Core Insights - Digital Asset has received an investment from BNY, iCapital, Nasdaq, and S&P Global, although the specific amount of funding was not disclosed [2][4]. Group 1: Funding and Investment - In June, Digital Asset raised $135 million in a funding round led by DRW Venture Capital and Tradeweb Markets, with participation from Goldman Sachs [2]. - The recent investment signifies a growing recognition among institutions of the need for blockchain infrastructure tailored for regulated markets [4]. Group 2: Canton Network - The Canton Network is a public, permissionless blockchain designed for institutional finance, supporting various use cases including bonds, equities, and alternative investment funds [3]. - The network currently has over $6 trillion of assets on-chain and involves more than 600 institutions from both traditional and decentralized finance [3]. Group 3: Statements from Executives - Digital Asset's CEO emphasized the importance of blockchain infrastructure for regulated markets and noted that the participation of major financial institutions marks a significant milestone for both Digital Asset and the Canton Network [4]. - Executives from BNY, iCapital, and Nasdaq highlighted their commitment to enhancing financial market infrastructure and driving efficiency and transparency through the adoption of tokenized solutions [5][6][7].