a16z Nears $300 Million Digital Asset Bet as Blockchain Infrastructure Draws Focus

Digital Asset is reportedly close to securing a $300 million investment, putting Wall Street capital back in focus in the blockchain infrastructure market. The round is said to include major participation from institutional investors, including a16z. The original report said the boundary between traditional finance and the virtual asset market is rapidly blurring, alongside a view that the distinction between the two markets could disappear within five years. Digital Asset stands at the center of a trend concentrating M&A and investment in blockchain infrastructure. The inflow of capital could intensify technology competition connecting financial infrastructure and the coin market. Source: mk.co.kr