PANews reported on June 11th that Digital Asset, the developer of the Canton network, has completed a $355 million funding round led by a16z crypto. Investors include a subsidiary of the Abu Dhabi Investment Authority, Apollo Funds, BNP Paribas, Citadel Securities, CME Ventures, Coinbase Ventures, HSBC, S&P Global, SBI Group, SoFi, and Tradeweb. CEO Yuval Rooz stated that this was an equity funding round, with most institutions being potential Canton users. The funds will be used to accelerate collaborations with institutional partners, mergers and acquisitions, and participation in related projects. Canton is a public, permissionless Layer 1 blockchain for institutional finance, supporting privacy-configurable and asset tokenization workflows. The network has already supported the issuance of approximately $6 trillion in assets, and JPMorgan, DTCC, Visa, and others have deployed applications or participated in validation on it.