Goldman Sachs and Citadel invest in crypto firm Digital Asset

Crypto Company Digital Asset said on Tuesday that he provided $ 135 million funds from big names in the field of banking and finance.

The company, which assigns itself as an arranged crypto player, said that it has raised the new money in a financing tour led by DRW and Tradeweb. Goldman Sachs– BNP Paribas And Ken Griffin’s Citadel Securities also invest.

Investment emphasizes how large financial institutions once placed themselves in a dark crypto currencies.

Digital assets, which have previously been associated with fraud, money laundering and other illegal activities, have become a more mainstream class class for years. JPMorgan Chase– Goldman Sachs And Morgan Stanley Heated in space.

Last week, JPMorgan launched his own version of a stablecoin with a deposit coin called “JPMD”.

“With increasing participation from global financial institutions and market participants, we expect this financing to help us to consolidate our role as the backbone of digital finance,” Digital Asset CEO and founding partner Yuval Rooz said. He said.

Digital Vars, Goldman Sachs, Citadel and Virtu. Founded by Rooz, a merchant in 2014, he returned to the entrepreneur, competing like Ripple, R3 and Consesys.

The company will use the new finance to advance the adoption of Canton Network. Canton, which was initially developed by digital asset, is now a public block chain designed to move assets and data while meeting the regulatory and privacy requirements of financial institutions.

Banks and trade companies use canton to tokena real world assets such as bonds, commodities and money market funds.

“This increase will allow us to improve the ongoing acceleration around the canton network and accelerate the settlement of higher quality assets, and finally Blockchain’s transformative word into an institutional -scale reality.” He said.

According to Digital Asset’s CEO, the network now supports trillions of dollars in assets to your token.