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Deep Tide TechFlow News, May 11, according to Bloomberg, blockchain infrastructure company Digital Asset is raising approximately $300 million at a valuation of about $2 billion from investors including a16z crypto.
Sources familiar with the matter say that as one of the key venture capital firms in the crypto industry, a16z crypto is leading this round of funding.
The deal is expected to be completed within the next few weeks, but the final funding amount may still change.
Digital Asset's blockchain has been adopted by several large banks and trading firms.