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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

Aztec releases v5 alpha, says fully private transaction proofs possible on mobile phones

Crypto privacy project Aztec has released its v5 upgrade in an alpha stage. Co-founder Williamson Aztec (윌리엄슨 아즈텍) said the upgrade was pursued to make fully private transactions the default in the Ethereum ecosystem. Aztec said the update more than halves proof times, cuts average private transaction costs by about 50 percent and reduces average block times to 6 seconds from 14. It also lowers rollup proof verification costs by about 40 percent.

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.