a16z and Wall Street giants pour $355 million into Canton
Amidst a dry spell of investment capital flowing into crypto, a16z has led a group of major players such as HSBC, Citadel, CME, Apollo, Coinbase, etc., in pouring $355 million into Digital Asset, the company behind Canton Network, raising the company's valuation to around $2 billion.
Canton has emerged as a secure blockchain specifically for institutions, helping traditional giants blockchain-ize transactions while maintaining data security.
Currently, Canton has processed over $6 trillion in tokenized assets for JPMorgan, DTCC, Visa, Goldman Sachs, HSBC, Nasdaq, BNY Mellon, Citadel, and others.
Canton's
$CC is also one of the few altcoins that has maintained its value quite well recently.