Funding Project Decryption: Seizing $1.35 Billion Strategic Financing! Gaoshi, Microsoft, Paris Bank and Others Jointly Promote the Privacy Block Chain Canton Network - What's the Divine Plan?
How to explore the Web3 frontline trend? Web3Caff Research will carefully screen and interpret the latest disclosed Web3 financing projects. See the essence through phenomena - immediately follow us to sniff out market dynamics.
Author: ShirleyLi, Web3Caff Research Researcher
Cover: Logo from this project, Typography by Web3Caff Research
Word Count: Over 2700 words
According to the official disclosure, on June 24, Digital Asset, the developer of privacy Block Chain Canton Network, announced the completion of $1.35 billion in strategic financing. This round was led by DRW Venture Capital and Tradeweb Markets, with participation from BNP Paribas, Circle Ventures, Citadel Securities, DTCC, Virtu Financial, Paxos and others.
Bitcoin was initially defined as a "peer-to-peer electronic cash system", essentially challenging the centralized structure of traditional financial systems through distributed ledger technology. For example, users' assets and data are highly dependent on centralized financial institutions' custody; while different financial institutions support asset transfers, they each maintain their own ledger. However, since Bitcoin's birth, although blockchain technology has continuously evolved, its development has been constrained by policy regulation issues.
Recently, Web3 policies in multiple jurisdictions have made breakthrough progress, especially with stablecoin regulatory policies successively landing. Market participants and developers are refocusing their attention on the Web3 financial field, primarily manifesting in three directions:
