Digital Asset Secures $135M Funding for Institutional Blockchain Canton Network

Digital Asset, the developer behind the institutional-grade blockchain Canton Network, has raised $135 million in a strategic funding round co-led by DRW Venture Capital and Tradeweb Markets. The investment saw participation from major financial players including Goldman Sachs, BNP Paribas, Circle Ventures, and Paxos.

The capital will accelerate adoption of Canton Network for institutional and decentralized finance, expanding its support for asset classes ranging from bonds to alternative funds. CEO Yuval Rooz emphasized the network's growing role in onboarding real-world assets onto blockchain infrastructure.

This funding round marks continued Wall Street interest in blockchain infrastructure, following initial backing from public firms two years prior. The Canton Network distinguishes itself by focusing exclusively on institutional use cases with regulated counterparties.