TL;DR
- Digital Asset raised $135 million to accelerate the expansion of Canton Network and drive adoption in institutional finance and tokenized markets.
- The round brought together Goldman Sachs, BNP Paribas, DRW, Circle Ventures, and DTCC, aiming to integrate traditional assets into regulated blockchain environments.
- Canton Network enables the tokenization of bonds, funds, and insurance products, offering configurable privacy and traceability between authorized counterparties, with 400 institutional clients already onboard.
Digital Asset secured a $135 million funding round to scale Canton Network, its institutional-grade Layer 1 blockchain.
The operation was backed by major names from both traditional finance and crypto venture capital, including Goldman Sachs, BNP Paribas, DRW, Circle Ventures, DTCC, Paxos, and Polychain Capital. The goal is to speed up the integration of regulated tokenized assets into ecosystems aligned with current regulatory frameworks.
Canton Network supports a wide range of tokenized assets, from bonds and commodities to money market funds and insurance policies. It currently serves around 400 clients, including financial institutions and DeFi projects. Its key technical advantage lies in offering configurable transaction privacy, allowing each institution to set its own confidentiality standards without sacrificing on-chain interoperability.
The platform already powers initiatives like GS DAP, Goldman Sachs‘ digital asset infrastructure. Canton Network addresses one of the longstanding obstacles to blockchain adoption in institutional markets: the public exposure of sensitive financial transactions. Its design preserves the confidentiality required by regulators and auditors while maintaining traceability between duly authorized counterparties.
Canton Network Plans to Cover Hundreds of Billions in Tokenized Assets
The capital raised will be used to expand the range of tokenizable assets and enhance governance infrastructure and decentralized applications connected to the ecosystem. Additionally, the round will strengthen ties between Digital Asset and several firms already involved in the testing, development, and operational oversight of the network.
Major financial groups are showing growing interest in blockchain solutions that can link traditional market assets with decentralized systems without compromising regulatory requirements. Canton Network already manages assets across diverse categories and aims to extend its coverage to hundreds of billions of dollars in tokenized financial instruments.
The platform’s growth confirms the institutional market’s demand for permissionless blockchains capable of delivering contractual privacy without excluding regulatory oversight. Digital Asset seeks to establish Canton as a public, regulated, and scalable infrastructure for financial operations on blockchain.
