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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
In a move reflecting the accelerating adoption of blockchain technology by major financial institutions, Digital Asset has announced raising $355 million in a new funding round. Led by a16z crypto, the round values the company at $2 billion and aims to scale the Canton Network, a blockchain infrastructure designed specifically for institutional capital markets. The round saw significant participation from global financial giants including HSBC, BNP Paribas, and the Abu Dhabi Investment Authority (ADIA).
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Sign InThis substantial investment comes as major banks compete to digitize financial assets, with the Canton Network seeking to link siloed financial systems while maintaining regulatory privacy. Compared to previous funding rounds in the blockchain infrastructure sector, the entry of ADIA and banks like HSBC signals a long-term commitment to developing digital asset trading rails. Per market data, participating institutions such as BNP Paribas and HSBC are already leaders in central bank digital currency (CBDC) trials and bond tokenization.
Investors should monitor the performance of participating bank stocks; HSBC (0005.HK) closed at 141.90 HKD on June 12, 2026, while BNP Paribas (BNP.PA) stood at 91.94 EUR at close on June 11, 2026. Looking ahead, the market will watch for key economic catalysts that could impact tech risk appetite, including the Fed Barr speech scheduled for June 6, 2026, which may provide insights into the regulatory trajectory for digital assets.