a16z Crypto Commits $100M to Digital Asset's Canton Blockchain

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Andreessen Horowitz's cryptocurrency division, a16z crypto, has committed $100 million to Digital Asset, the company developing the Canton blockchain. Canton is a privacy-focused Layer-1 blockchain that enables financial institutions to view only transaction information relevant to them, allowing settlement across applications without exposing complete operational data. Major institutions including JPMorgan, Goldman Sachs, DTCC, and Broadridge are already utilizing Canton, with Broadridge processing over $400 billion in daily U.S. Treasury repurchase agreement transactions through the network.
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