Polychain Capital participates in Digital Asset's $355M a16z-led round for Canton Network
Polychain's equity participation alongside TradFi heavyweights (HSBC, BNP Paribas, CME Ventures) in a permissioned enterprise blockchain round marks a notable pivot from its typical open-protocol investments.
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Related moves
a16z crypto leads $355M round for Canton Network developer Digital Asset at $2B valuation
a16z anchored the round with ~$100M in equity, doubling down on institutional blockchain rails for capital markets — a clear TradFi-onchain infrastructure bet consistent with its post-$2.2B fund deployment thesis.
Coinbase Ventures participates in Digital Asset's $355M Canton Network funding round
Coinbase Ventures joining the Canton round aligns with its stated 2026 RWA thesis and strategically positions Coinbase infrastructure (custody, Base) as a bridge between TradFi capital markets and onchain settlement.
- FundingJun 10MNX
MNX raises $6.4M pre-seed to build AI-focused decentralized futures exchange on MegaETH
Manifold Markets co-founders spin out MNX to offer AI-economy perpetuals and prediction markets on MegaETH's sub-millisecond block times; the $40M valuation seed is modest but pedigree and novel batch-auction MEV-resistance design merit watching ahead of a planned summer mainnet.
Paradigm co-leads $175M Series for Morpho to build open onchain credit network
Morpho's $11B+ in deposits and institutional adoption by Coinbase, Binance, and SocGen gave Paradigm conviction to write its largest DeFi check of 2026; positions Paradigm firmly in the institutional DeFi credit stack.