Why did we raise our last round: We’re already profitable. So why raise? For years we’ve asked ourselves what it would take to truly bring finance OnChain. We believe @CantonNetwork has finally identified the components needed to establish crypto rails as a new global settlement layer, rather than treating crypto wallets as a mere distribution mechanism (as most “tokenization” does today). Those components are: privacy, issuer control and sovereignty, governance, and alignment of economics. We have the largest organizations in the world moving their core businesses to run on Canton. That will drive utility to canton-network:native. @digitalasset’s entire business is canton-network:native. So why raise? Because we have a unique opportunity right now. Organizations are willing. Regulators are willing. Admin is willing. We could wait for organic growth, or DA can step in to accelerate it. Rather than wait for large corporates with long budget cycles to build this infrastructure, DA will build much of what’s needed to double, triple, and quadruple canton-network:native utility. We will enter new partnerships to build applications that drive more usage. Those will be announced later this year. We will partner with builders to bring burns to subnets. And there are potential M&A activities that will further align other companies with @CantonNetwork. All of this requires a healthy balance sheet, which we now have. There is still a lot of work to do, but I’m excited for what’s ahead.

⚡ INSIGHT: The CLARITY Act passing by July 4th is now logistically impossible, per Eleanor Terrett.

Under the Clarity Act, the SEC and CFTC finally have defined lanes. No more jurisdictional limbo. No more legislating by enforcement.

Feedback like this keeps us building. 💙 With D'CENT and @FlareNetworks , you can put your XRP to work while staying in control of your keys. The goal of the XRP Alliance is simple: Bring the $XRP ecosystem together in one wallet. More soon👀

We’re setting a lot of world firsts recently. Today’s: gold and silver futures now trade 24/7 in the US on Coinbase.

Atomic settlement without broadcasting transaction data network-wide. That is what Canton's mediator-based coordination model delivers across multi-party transactions.

BREAKING: A White House official says we are making great progress every day and aim to pass the crypto market structure bill by July 4th.

The @CFTC is hiring. We’re recruiting the best and brightest to join our team and leveraging technologies like artificial intelligence to keep pace with the new frontier of finance and make efficient use of taxpayer dollars.

Japan's repo market processes $1.5 trillion daily, the second largest in the world. Broadridge processes $340B to $400B in repo transactions on Canton every day. @YuvalRooz in conversation with @nadanews_com on the infrastructure layer TradFi requires. nadanews.com/353493/?utm_sou…

Today, @SpaceX (Nasdaq: SPCX) makes its public market debut with a $75Bn offering (pre-greenshoe) at $135 per share, marking the largest IPO in history. Congratulations to the SpaceX team. We are honored to serve as joint lead bookrunner and sole stabilization agent.

JUST IN: Elon Musk officially becomes the world's first trillionaire following SpaceX IPO.

.@The_DTCC UST pilot was the proof. Now comes the playbook. Fireblocks @CantonNetwork, June 30, on how tokenized assets get to go-live. With Varun Paul and Kelly Mathieson, CBDO (@digitalasset). Register → fblks.co/3PWFp2N

The Clarity Act gives developers certainty. It gives investors protection. It gives markets integrity. All three matter.