Digital Asset raises fresh funding to scale Canton Network adoption
Digital Asset secured approximately $50 million in strategic funding to expand the adoption of its institutional-focused Canton Network.Summary
Institutional blockchain provider Digital Asset, the creator of the Canton Network, has raised about $50 million in fresh strategic investments from major firms including BNY, iCapital, Nasdaq, and S&P Global. This funding follows a previous $135 million round and aims to scale the Canton Network, a public, permissionless layer-1 blockchain designed for institutional-grade compliance and configurable privacy.
The Canton Network underpins tokenized real-world assets worth trillions of dollars and is supported by over 600 institutions. Its focus on regulated markets, rather than retail DeFi, is resonating with large incumbents, exemplified by Franklin Templeton moving its Benji Investments platform onto the network. Digital Asset CEO Yuval Rooz noted that financial ecosystem institutions recognize the need for blockchain infrastructure purpose-built for regulated markets.
This latest investment round, which builds upon earlier backing from entities like Goldman Sachs and Citadel Securities, signals a strong institutional commitment to Canton as the long-term onchain market infrastructure, especially as traditional finance players like Vanguard and Bank of America show increasing engagement with digital assets.
(Source：Cointelegraph)