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

On July 21, 2026, Canton creator Digital Asset 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. Digital Asset said it plans to use the capital to expand offerings, assets, applications, and participation across Canton, deepen engagement with developers and financial institutions, and support continued network growth.

Digital Asset $355M funding round

• ▪The Block reported, citing the same source, that the additional $10 million was invested at the same $2 billion equity valuation as the previous funding round.
• ▪Digital Asset expanded its oversubscribed funding round, originally announced at $355 million, with strategic additions of Shinhan Financial Group and SC Ventures.
• ▪The Block reported, citing a source with direct knowledge of the matter, that investments from Shinhan Financial Group and SC Ventures added $10 million, raising the funding round to $365 million.
• ▪Digital Asset's funding round was led by Andreessen Horowitz's crypto fund, a16z crypto, with participation from leading traditional and decentralized finance institutions.

Shinhan Financial Group investment

• ▪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 said Shinhan Financial Group is expected to support discussions around institutional blockchain adoption in the region, while a Shinhan representative cited opportunities in South Korea and the broader Asian region.

Standard Chartered SC Ventures investment

• ▪On July 21, 2026, Digital Asset announced that Standard Chartered's SC Ventures had joined the funding round as a strategic investor.
• ▪SC Ventures builds and invests in breakthrough ventures to bring a progressive digital assets ecosystem and potential synergies across global markets.

Canton Network blockchain infrastructure

• ▪The Block reported that Canton's native CC token was trading at approximately $0.13 at the time of its July 21, 2026 article, giving it a market capitalization of nearly $5 billion.
• ▪Digital Asset developed the Canton Network, a public layer-one blockchain designed to provide institutional-grade privacy for regulated financial markets.
• ▪The Canton Network allows financial institutions to bring assets, applications, and regulated workflows onchain while preserving privacy, compliance, and control.

Institutional digital asset adoption

• ▪Digital Asset plans to use the capital to expand offerings across the Canton ecosystem and deepen engagement with developers and financial institutions.
• ▪Financial institutions are exploring shared, privacy-enabled blockchain infrastructure to support asset tokenization, collateral mobility, settlement, and payments.