Goldman Sachs and Citadel back crypto firm Digital Asset in $135 million funding round

Crypto company Digital Asset said Tuesday that it's netted $135 million in funding from a raft of major names in banking and finance. The firm, which touts itself as a regulated crypto player, said it raised the fresh cash in a funding round co-led by DRW and Tradeweb, with Goldman Sachs , BNP Paribas and Ken Griffin's Citadel Securities also investing. The investment highlights how large financial institutions are embedding themselves in the once murky world of cryptocurrencies. Previously associated with fraud, money laundering and other illicit activities, digital assets have become a more mainstream asset class over the years as big names like JPMorgan Chase , Goldman Sachs and Morgan Stanley warmed to the space. Just last week, JPMorgan launched its own version of a stablecoin, a deposit token called "JPMD."