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Crypto

Shinhan Investment Securities invests in Canton Network operator Digital Asset

Shinhan Investment Securities has invested in Digital Asset, the operator of the institutional blockchain Canton Network, to expand cooperation in digital assets and tokenisation. The firm said it participated as an investor together with Shinhan Venture Investment. The investment was made by joining a $355 million funding round led by a16z Crypto. Digital Asset, founded in 2014, operates Canton Network, a public layer-1 blockchain designed for financial institutions.

Crypto

Digital Asset raises additional $10 million from Shinhan Financial, SC Ventures

Digital Asset, developer of the Canton blockchain, has raised an additional $10 million from South Korea’s Shinhan Financial Group and Standard Chartered’s SC Ventures. TheBlock reported the investment increased the company’s ongoing funding round to $365 million from $355 million, at the same $2 billion valuation as the previous round. Digital Asset last month announced a $355 million fundraising led by a16z crypto with participation from major institutions.

Crypto

Dogecoin developers spar over security model, reject claims of Litecoin dependence

Dogecoin developers and the community are arguing over the coin’s merged-mining security model. The dispute centres on whether Dogecoin depends on Litecoin for security or draws it from multiple merged-mined Scrypt-based layer-1 chains. Dogecoin Foundation developer Paulo Vidal questioned reliance on other blockchains, while developer Chromatic X said Dogecoin depends on all merged-mined Scrypt chains. Co-founder Billy Markus also weighed in. No conclusion has been reached on changing the structure.