Digital Assets Clearing Center Raises $10 Million to Expand Global Market Infrastructure

Digital Assets Clearing Center Raises $10 Million to Expand Global Market Infrastructure

The race to overhaul global financial infrastructure just got a serious cash injection. Digital Asset Clearing Center (DACC.HK) has announced Digital Asset Clearing Center funding of US$10 million from a group of strategic partners, positioning itself as a critical bridge between blockchain-based finance and mainstream capital markets. The round was led by Conflux, Transaction Technologies Limited (TTL, Ticker: 600446.SH), and Global InfoTech (Ticker: 300465.SZ), all publicly listed companies bringing established fintech credibility to the table.

Traditional bank transfers still dominate a cross-border payments market worth an estimated $214 trillion, but the cracks in that system are well documented, slow settlement cycles, steep transaction costs, fragmented data pipelines, and a regulatory patchwork that frustrates institutions on every continent. DACC.HK is betting that tokenized finance can fix all of that at once.

The company’s Digital Asset Clearing Service connects to major payment rails including China’s Cross-Border Interbank Payment System (CIPS), blockchain networks, and compliance infrastructure, delivering what it calls end-to-end Clearing-as-a-Service (CaaS) for financial institutions. Think of it as an open banking platform where stablecoins, tokenized deposits, KYC/AML checks, and DLT wallet integrations all work together, natively and compliantly.

Serra Wei, co-founder and Chairwoman of DACC.HK, laid out the ambition plainly: her vision is to develop a compliant financial settlement and clearing infrastructure that integrates digital and tokenized assets into mainstream capital markets, connecting Hong Kong to China and ultimately serving the world. Each strategic investor, she noted, represents traditional fintech solutions that DACC.HK intends to plug into Web3.

The investor roster extends beyond the lead trio. Additional backers include Fosun International Limited (Ticker: 656.HK), Blockstone, Avior Capital, Fintec World, Satoshi Ventures, and BridgeTower Capital, a diverse lineup spanning traditional finance and the digital asset space.

Larry Li, Director at DACC.HK and former CEO of Swift North Asia, underscored why Hong Kong is the right launchpad. With the city’s Securities and Futures Commission (SFC) virtual asset custody license on the horizon, he argues that Hong Kong’s regulatory depth, financial infrastructure, and connectivity to global markets make it the ideal base for infrastructure designed to scale globally. The goal, as he described it, is payments completed in seconds rather than days.

As ecosystem partners, each investor also brings operational expertise. Conflux is fully integrated with DACC.HK to deliver end-to-end tokenization on a blockchain infrastructure designed for transparency. TTL focuses on regulated banks and broker-dealers, bridging established trading environments with digital assets. Global InfoTech connects DACC.HK to leading payment systems across China through its banking solutions network.

The Digital Asset Clearing Center funding arrives at a moment when tokenized finance is rapidly moving from concept to infrastructure-grade reality. For financial institutions still navigating the gap between legacy rails and blockchain settlement, DACC.HK is making a direct pitch: the future of moving money doesn’t have to wait.