Digital Asset, the innovative firm behind the Canton Network blockchain platform, has successfully concluded a substantial $135 million funding round. This significant investment saw participation from a powerful consortium of major players spanning both traditional finance (TradFi) and the cryptocurrency sector. The funding aims to accelerate the development and adoption of the Canton Network, designed specifically for tokenized assets and institutional use, validating its vision for a future-ready financial ecosystem.
Major Investment Round for Digital Asset
Digital Asset, the company behind the groundbreaking Canton Network, has successfully closed a $135 million funding round. This considerable investment was led by prominent firms such as DRW Venture Capital and Tradeweb Markets. The funding signifies strong confidence in Digital Asset’s technology and its potential to revolutionize the handling of tokenized assets within the financial industry.
A Convergence of Traditional and Decentralized Finance
The funding round saw an impressive lineup of participants from both traditional and decentralized finance sectors. Major institutions like BNP Paribas, Circle Ventures, Citadel Securities, Goldman Sachs, and Polychain Capital joined the round. This convergence of diverse financial giants underscores the growing collaboration and integration between Wall Street and the crypto world, recognizing the immense potential of blockchain solutions.
Deepening Existing Relationships
The recent capital infusion also serves to deepen relationships with several firms already actively involved with the Canton Network. These include key players such as BNP Paribas, DRW, Goldman Sachs, and Tradeweb. These institutions have played various roles in the Network’s development since its inception, contributing to testing, governance, infrastructure, or application development, solidifying their commitment to its ecosystem.
Canton Network’s Rapid Growth and Asset Diversification
The Canton Network has experienced remarkable growth over the past year, attracting nearly 400 ecosystem participants. It now boasts hundreds of billions of dollars in real-world assets deployed on its platform. This impressive scale is built upon a substantial deployment of diverse asset classes, including traditional instruments like bonds and mortgages, alongside modern financial products such as money market funds, alternative funds, and even life insurance.
Validation of a Vision for Institutional Blockchain
Yuval Rooz, co-founder and CEO of Digital Asset, expressed that this funding milestone “validates the inevitability of what we envisioned years ago.” He highlighted the Canton Network as a “privacy-enabled public blockchain designed specifically for institutional adoption.” This strong backing will accelerate the onboarding of even more real-world assets, transforming blockchain’s promise into an institutional-scale reality.
