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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InIn a move reflecting growing institutional confidence in blockchain infrastructure, Digital Asset has expanded its latest funding round to reach a total of $365 million. This expansion follows the securing of an additional $10 million in investment aimed at strengthening the company's Canton network, which focuses on providing interoperability solutions for digital financial assets. According to reports, Shinhan Financial Group and Standard Chartered's investment arm, SC Ventures, joined as new investors in this round.
This investment comes at a time when major financial institutions are seeking to bolster their presence in the digital assets sector. Per market data, Shinhan Financial Group (SHG) shares closed at $69.09 on July 20, 2026, while Standard Chartered (2888.HK) shares were priced at 223.4 HKD at the close of July 22, 2026. The participation of these Asian and global entities reflects a trend toward supporting networks that enable the exchange of financial assets across different blockchain platforms in a secure and regulated manner.
Operationally, the new funding aims to accelerate the adoption of the Canton network and develop its technical capabilities to serve the financial sector. Looking at recent economic data, the US Producer Price Index (PPI) recorded a decline of -0.3% on July 15, 2026, which may influence risk appetite in tech investments. Traders are currently monitoring the price stability of the participating institutions, with 2888.HK trading within a daily range of 221.4 to 227 HKD as of the July 22, 2026 close.