Direct Digital Holdings, Inc. shares rise 2.63% after-hours following Digital Asset Holdings, LLC's $135 million funding round.

Direct Digital Holdings, Inc. rose 2.63% in after-hours trading, with the company announcing that it has received $135 million in a round of funding co-led by new investors DRW Venture Capital, and Tradeweb Markets Inc. The transaction included participation from new investors BNP Paribas SA, Circle Ventures, Citadel Securities Americas LLC, IMC Trading B.V., Liberty City Ventures, Optiver Holding B.V., Paxos Trust Company, LLC, Polychain Capital LP, QCP Capital Pte. Ltd., OpenDeal Portal LLC, Virtu Financial, Inc., returning investors include The Depository Trust & Clearing Corporation, Goldman Sachs Group, Investment Banking and Securities Investments, and 7Ridge Limited.