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VMware Joins Samsung, Salesforce as Investor in Digital Asset’s Series C Funding Round
Enterprise blockchain maker Digital Asset says VMware has joined its Series C funding round, though it didn't say how much has been raised.
Updated Sep 14, 2021, 9:30 a.m. Published Jul 14, 2020, 3:37 p.m.
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Enterprise blockchain firm Digital Asset announced Tuesday that VMware is investing in the firm’s Series C funding round.
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- In an announcement on its website, Digital Asset said VMware joined Samsung Venture Investment Corporation and Salesforce Ventures as an investor in the firm’s funding round, which was announced in December.
- Brandon Howe, vice president and general manager of VMware blockchain, has also joined Digital Asset’s Board of Directors.
- Initially marketed as a private blockchain provider for financial institutions, Digital Asset has shifted its focus to DAML, an open-source platform to help deal with smart contracts.
- The firm had also announced its platform has been integrated with VMware Blockchain, Amazon Web Services, Aurora’s database and Hyperledger Fabric, among others.
- While the firm’s announcement did not disclose the amount of funding received from VMware, its Series C disclosure at the end of last year indicated it had managed to raise $35 million at the time.
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Trump-linked Truth Social seeks SEC approval for two crypto ETFs
The filings include a bitcoin and ether ETF and a staking-focused Cronos fund, deepening the Truth Social brand’s ambitions in digital asset investing.
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- Yorkville America Equities, the firm behind Truth Social–branded ETFs, has filed with the SEC to launch a Truth Social Bitcoin and Ether ETF and a Truth Social Cronos Yield Maximizer ETF.
- The proposed Cronos-focused ETF would invest in and stake Cronos (CRO) tokens, aiming to generate yield through staking rewards in addition to price exposure.
- If approved, the funds would be launched in partnership with Crypto.com, which would provide custody, liquidity and staking services, and be distributed through its affiliate Foris Capital US LLC.
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