Shinhan, Standard Chartered Join Digital Asset's Funding Round

Digital Asset, the company behind the Canton Network blockchain, added Shinhan Financial Group and SC Ventures by Standard Chartered to its already oversubscribed funding round, the company said Thursday.

The two new investors join a roster of financial institutions backing the privacy-focused blockchain platform. Digital Asset builds infrastructure for regulated capital markets, including the Canton Network, a layer-one blockchain designed with institutional-grade privacy controls.

Digital Asset was founded in 2014 and is a founding member of the Canton Foundation. The company said the new capital will support its work on privacy-enabled blockchain infrastructure for traditional and digital financial markets.