Digital Asset, the company behind the Canton Network, has raised $135 million in a strategic funding round led by Tradeweb and DRW, with participation from major institutions in both traditional and decentralized finance.
Why it matters: The funding aims to advance institutional and decentralized finance adoption on the Canton Network, the only public, permissionless Layer-1 blockchain offering configurable privacy and institutional-grade compliance at scale.
The details:
- The capital will rapidly expand the integration of hundreds of billions of real-world assets (RWAs) onto the network, including bonds, money market funds, alternative funds, commodities, repos, mortgages, life insurance, and annuities.
- The raise deepens relationships with several firms already part of the Canton Network and its Global Synchronizer Foundation, including BNP Paribas, DRW, Goldman Sachs, Liberty City Ventures, QCP, and Tradeweb.
- The Canton Network, built and operationalized by Digital Asset in close partnership with top global financial institutions and technology providers, represents the next phase of financial infrastructure.
- With nearly 400 ecosystem participants, the network has seen rapid growth over the past year.
What they’re saying:
- “This funding milestone validates the inevitability of what we envisioned years ago: a privacy-enabled public blockchain designed specifically for institutional adoption,” said the Co-Founder and CEO of Digital Asset.
- “Today, major players from traditional finance have joined Digital Asset to catalyze the next evolution in markets,” said the Founder and CEO of DRW.
- “At Tradeweb, we see DLT and smart contracts as catalysts for reimagining and reshaping market structure—unlocking workflow efficiencies and accelerating the shift toward electronic markets,” said the CEO of Tradeweb.
- “Goldman Sachs remains committed to accelerating the adoption of digital assets and a blockchain-powered financial system,” added Mathew McDermott, Global Head of Digital Assets at Goldman Sachs.
What’s next: The funding will accelerate the onboarding of more real-world assets, making blockchain’s transformative promise an institutional-scale reality.
