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.

Split your keys before that solid backup gets lost!

If you missed the full livestream with @HeslinKim tonight, here is a taste. BIG things are coming to the @CantonNetwork!! Full Interview on my youtube channel. youtube.com/@LongViewCompute

BREAKING: Pakistan's Prime Minister Shehbaz Sharif says the US and Iran are "closer to a peace deal than ever" with finalization of the deal expected in the next 24 hours. Pakistan is now preparing for the electronic signing of the peace deal, followed by technical level talks next week. "We are confident that this historic peace deal will form a strong foundation for lasting peace," he says.

Jorgen Ouaknine, Head of Innovation and Digital Assets @EuroclearGroup just said they have moved from pilots to production in regards to digital assets blockchain infrastructure. I'm not fu*kin leaving. 😤

🚨 WALL STREET IS MOVING ONCHAIN Digital Asset, the developer behind Canton Network, just raised $355 million to bring capital markets onchain. The round was led by a16z crypto, with participation from major institutions including: Apollo BNP Paribas Citadel Securities HSBC SBI Group ABN Amro Abu Dhabi Investment Authority Canton Network is built for tokenized real-world assets like bonds, loans, and funds, while giving institutions the privacy, compliance, scale, and interoperability they require. Source: CoinDesk