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Crypto
Goldman Sachs-backed Canton Network integrates with LayerZero
Goldman Sachs-backed Canton Network has integrated with cross-chain protocol LayerZero to support the movement of digital assets between blockchains, The Block reported on March 26. Designed for financial institutions, the integration enables connections to more than 165 public blockchains. Digital Asset, a key developer of Canton Chain, raised $135 million in investment last year and is backed by Goldman Sachs, Microsoft and DTCC.
Crypto
Wall Street and onchain combine in biggest infrastructure upgrade since electronic trading 30 years ago
Wall Street financial firms are moving beyond exploring blockchain and are beginning to adopt it, with exchanges, clearinghouses and electronic trading platforms entering onchain markets. Jason Rosenthal (Jason Rosenthal) of a16z Crypto calls the shift the biggest capital markets infrastructure upgrade since the move to electronic trading 30 years ago. He points to tokenisation, instant settlement and 24/7 markets, citing moves by DTCC, NYSE and Tradeweb, alongside supportive regulation.
Crypto
Crossover Markets raises $31 million in Series B funding
Digital asset trading technology firm Crossover Markets raised $31 million in Series B funding, pushing its valuation to $200 million, The Block reported on March 5 local time. The round was led by Tradeweb Markets and included DRW Venture Capital, Illuminate Financial, Ripple, Virtu Financial, Wintermute Ventures and XTX Markets. Crossover plans to use the funds to improve its CROSSx crypto ECN and expand global operations.