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Jul 21, 2026

Digital Asset Adds Shinhan Financial Group and SC Ventures to Oversubscribed Funding Round

Digital Asset, creator of the Canton blockchain network, announced that South Korea's Shinhan Financial Group and Standard Chartered's SC Ventures had joined its previously announced oversubscribed $355 million funding round. The Block reported, citing a source with direct knowledge of the matter, that the investments added $10 million, bringing the round to $365 million at the same $2 billion equity valuation.

Jul 21, 2026·6 sources
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Top claims

  • ▪Financial institutions are exploring shared, privacy-enabled blockchain infrastructure to support asset tokenization, collateral mobility, settlement, and payments.
  • ▪On July 21, 2026, Digital Asset announced that Shinhan Financial Group, which it described as South Korea's largest banking group, had joined the funding round as a strategic investor.
  • ▪Digital Asset plans to use the capital to expand offerings across the Canton ecosystem and deepen engagement with developers and financial institutions.

Topics

Financial services innovationEnterprise blockchainsInstitutional crypto adoption

Related entities

South Korea

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