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DACC Secures $10 Million to Expand Tokenized Financial Market Infrastructure

The financing round drew backing from Conflux and several institutional investors, with the proceeds earmarked for compliant settlement and clearing systems for tokenized finance.

CFX

Summary

DACC said it completed a $10 million strategic financing round to support its tokenized financial market infrastructure. Participants included Conflux, Global InfoTech, Fosun International, Blockstone, Avior Capital, Fintech World, Satoshi Ventures, and BridgeTower. According to the announcement, the capital will be used to build compliant financial settlement and clearing infrastructure, an area that is central to moving tokenized assets through regulated post-trade processes.

Terms & Concepts
  • Tokenized financial market infrastructure: Systems that represent traditional financial assets or processes on blockchain networks to improve issuance, transfer, and recordkeeping.
  • Settlement: The process of finalizing a transaction by delivering assets and payment between parties after a trade is executed.
  • Clearing: The post-trade process that confirms transaction details and manages obligations before final settlement.