Blockchain pioneer Digital Asset (DA) has received $355 million via a funding round led by Andreessen Horowitz’s crypto venture capital fund — a16z crypto — that will support DA’s next phase of growth for the Canton Network, a public layer-one blockchain whose backers hope will become a shared infrastructure. Officials say that major firms participated… Read More >>
SEC Approves a Blockchain-Native Clearing Agency
The U.S. Securities and Exchange Commission (SEC) has approved the first, and for now the only, blockchain-native clearing agency — the Paxos Securities Settlement Co., LLC (PSSC), a subsidiary of blockchain infrastructure platform provider Paxos, officials say. PSSC, which will be governed by Section 17A of the Securities Exchange Act of 1934, is now able… Read More >>
BNP Paribas Asset Management Pilots Tokenized MMF
BNP Paribas Asset Management has launched a tokenized share class of a French‑domiciled money market fund that is recorded on a public blockchain infrastructure, which marks the firm’s first step in its fund tokenization efforts via a public blockchain infrastructure, officials say. “The initiative relies on a permissioned access model on Ethereum, restricting holding and transfers… Read More >>
