Digital Asset, the software firm behind the privacy-focused Canton Network, has raised $135 million in a strategic round co-led by DRW Venture Capital and Tradeweb Markets
Digital Asset, the software firm behind the privacy-focused Canton Network, has raised $135 million in a strategic round co-led by DRW Venture Capital and Tradeweb Markets. Additional investors include Goldman Sachs, Citadel Securities, BNP Paribas, Circle Ventures, the Depository Trust & Clearing Corporation, Virtu Financial and Paxos.
Chief Executive Officer Yuval Rooz said the capital will accelerate adoption of Canton, a permissioned blockchain designed for financial institutions to tokenize and trade assets while meeting regulatory and privacy requirements. The network is already being used to handle tokenized bonds, money-market funds, commodities and other real-world assets, which the company says amount to trillions of dollars.
Digital Asset plans to use the fresh funding to broaden the range of assets on Canton and onboard more market participants, aiming to establish the platform as a standard for global collateral mobility across traditional and digital markets.
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