Key Takeaways
- • Digital Asset added Shinhan Financial Group and SC Ventures by Standard Chartered as strategic investors in its previously announced oversubscribed funding round, which the company earlier said totaled $355 million led by a16z crypto.
- • Shinhan Financial Group, described as the largest banking group in South Korea, joins to support institutional adoption discussions in the region, complementing Digital Asset's recently announced partnership with Hanwha.
- • Digital Asset says the capital will expand assets, applications, and participants on Canton, its privacy-enabled layer-one blockchain for regulated capital markets.
- • CEO Yuval Rooz framed the new investors as evidence that institutions are moving from experimentation to production use of shared blockchain infrastructure.
Summary
Digital Asset, creator of the Canton Network, announced that Shinhan Financial Group and SC Ventures by Standard Chartered have joined its previously announced oversubscribed funding round, according to a PR Newswire release dated July 21, 2026. The company had earlier disclosed a $355 million funding round led by Andreessen Horowitz's crypto fund, a16z crypto, with participation from institutions across traditional and decentralized finance. The release does not disclose the individual investment amounts of the new participants.
Shinhan Financial Group, the largest banking group in South Korea, is expected to support discussions on institutional adoption in the region. Its participation complements Digital Asset's recently announced partnership with Hanwha. SC Ventures, the venture arm of Standard Chartered, said its investment reflects conviction that trusted, institutional-grade market infrastructure will be fundamental to scaling digital asset adoption across regulated financial services. Alex Manson, CEO of SC Ventures, said the firm looks forward to supporting Canton's continued innovation.
Co-founder and CEO Yuval Rooz said the new investors bring global reach, market expertise, and ecosystem connectivity. He argued that institutions are ready to move beyond experimentation into production. Seonghun Hong, Investment Manager at Shinhan Financial Group, said Digital Asset's infrastructure aligns with the operational, regulatory, and privacy requirements of global financial institutions.
The company positions Canton as shared infrastructure that allows regulated institutions to operate on common networks while preserving privacy, compliance, control, and interoperability. The release cites potential use cases including tokenization, collateral mobility, settlement, and payments. Digital Asset plans to use the proceeds to expand offerings across the Canton ecosystem, deepen engagement with developers and financial institutions, and support network growth. Founded in 2014, Digital Asset describes Canton as the only public layer-one blockchain with institutional-grade privacy. The announcement is company-issued and contains no independent financial performance data.
Shinhan Financial Group, the largest banking group in South Korea, is expected to support discussions on institutional adoption in the region. Its participation complements Digital Asset's recently announced partnership with Hanwha. SC Ventures, the venture arm of Standard Chartered, said its investment reflects conviction that trusted, institutional-grade market infrastructure will be fundamental to scaling digital asset adoption across regulated financial services. Alex Manson, CEO of SC Ventures, said the firm looks forward to supporting Canton's continued innovation.
Co-founder and CEO Yuval Rooz said the new investors bring global reach, market expertise, and ecosystem connectivity. He argued that institutions are ready to move beyond experimentation into production. Seonghun Hong, Investment Manager at Shinhan Financial Group, said Digital Asset's infrastructure aligns with the operational, regulatory, and privacy requirements of global financial institutions.
The company positions Canton as shared infrastructure that allows regulated institutions to operate on common networks while preserving privacy, compliance, control, and interoperability. The release cites potential use cases including tokenization, collateral mobility, settlement, and payments. Digital Asset plans to use the proceeds to expand offerings across the Canton ecosystem, deepen engagement with developers and financial institutions, and support network growth. Founded in 2014, Digital Asset describes Canton as the only public layer-one blockchain with institutional-grade privacy. The announcement is company-issued and contains no independent financial performance data.
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