Goldman Sachs & Citadel Back Crypto Firm Digital Asset
Digital asset Secures $135 Million, Solidifying Crypto Role in Finance
Digital Asset, a crypto firm emphasizing regulatory compliance, announced Tuesday it has raised $135 million in new funding. The investment round was co-led by DRW and Tradeweb.
Major financial players including Goldman Sachs, BNP Paribas, and Ken Griffin’s citadel Securities also participated in the funding. This investment underscores the increasing integration of large financial institutions into the cryptocurrency space and the growing role digital assets play in finance.
Once associated with illicit activities, digital assets are gaining mainstream acceptance, with firms like JPMorgan Chase, Goldman Sachs, and Morgan Stanley embracing the sector. JPMorgan, just last week, launched its own stablecoin, ”JPMD.”
Digital Asset offers various digital asset services