Digital Asset Holdings Raises $50M in Fresh Funding from BNY Mellon, Nasdaq, and S&P Global

Digital Asset Holdings has raised an additional $50 million in funding from investors including Bank of New York Mellon and Nasdaq. The new round brings the total raised to $185 million, adding to the $135 million raised earlier this year. The company's Canton Network, a blockchain developed in 2023, is being used by several of its backers for tokenization and around-the-clock trading. The fresh capital reflects growing institutional interest in blockchain, driven by a more favorable regulatory environment in the US.