Key stakeholders in the cryptocurrency sector and traditional finance have come together to secure $135 million in a funding round for Digital Asset, the company behind the Canton Network, a blockchain platform dedicated to tokenized assets.
The funding round, led by DRW Venture Capital and Tradeweb Markets, saw contributions from notable institutions across both conventional and decentralized finance, including BNP Paribas, Circle Ventures, Citadel Securities, The Depository Trust & Clearing Corporation (DTCC), Goldman Sachs, IMC, Liberty City Ventures, Optiver, Paxos, Polychain Capital, QCP, Republic Digital, 7RIDGE, and Virtu Financial.
This investment strengthens existing partnerships with several companies already involved with the Canton Network, such as BNP Paribas, DRW, Goldman Sachs, Liberty City Ventures, QCP, and Tradeweb, all of which have contributed to various aspects of the Network’s development, including governance, infrastructure, and application development since its inception.
Canton has seen rapid expansion over the previous year, boasting nearly 400 ecosystem participants and encompassing hundreds of billions in real-world assets. The platform supports a diverse array of asset classes, including bonds, money market funds, alternative investments, commodities, repos, mortgages, life insurance, and annuities.
Yuval Rooz, co-founder and CEO of Digital Asset, stated, “This funding milestone underscores the inevitability of our vision: a privacy-enabled public blockchain tailored for institutional adoption. Canton is already facilitating a variety of asset classes—from bonds to alternative funds—and this funding will enhance our ability to integrate even more real-world assets, bringing the transformative potential of blockchain to institutional scales.”