W3BStation
Markets
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
07/22/2026

Digital Asset Adds $10M From Shinhan, SC Ventures at $2B Valuation

What happened: Digital Asset, developer of the Canton Network, has secured an additional $10 million in funding from Shinhan Financial Group and SC Ventures (Standard Chartered’s venture arm).

Digital Asset Adds $10M From Shinhan, SC Ventures at $2B Valuation

What happened: Digital Asset, developer of the Canton Network, has secured an additional $10 million in funding from Shinhan Financial Group and SC Ventures (Standard Chartered’s venture arm). This brings the total for its current round to $365 million at an unchanged $2 billion equity valuation. The round, led by a16z crypto and joined by major financial institutions, supports the development of Canton, a public L1 blockchain designed for regulated financial markets with integrated privacy and compliance features.

Why it matters: The extension at a flat valuation signals sustained institutional interest but not a markup, reflecting current market caution. Canton is already in production for tokenized U.S. Treasury and equity trades via DTCC, and its native token (CC) holds a ~$5 billion market cap. The participation of leading Asian and European banks highlights the growing convergence of traditional finance and blockchain infrastructure, with privacy and regulatory compliance as key differentiators.

Source: The Block, Digital Asset