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Digital Asset Secures $135M to Expand Privacy-Focused Canton Blockchain for Institutions
- Digital Asset has secured $135 million in funding led by DRW Venture Capital and Tradeweb Markets, with participation from key players in traditional finance and crypto.
- Participants in the funding round included BNP Paribas, Circle Ventures, Citadel Securities, DTCC, Virtu Financial, and Paxos.
- The funding reinforces Digital Asset's position in the intersection of capital markets and Web3 innovation.
- Digital Asset's ecosystem centers around the Canton Network, a blockchain platform with configurable privacy for enterprise use.
- Institutions like Goldman Sachs and BNY Mellon are already exploring tokenizing real-world assets on the Canton Network.
- The funding milestone validates the vision of a privacy-enabled public blockchain for institutional adoption, according to CEO Yuval Rooz.
- Canton supports various asset classes and will leverage the funding to onboard more institutions and tokenized products.
- Digital Asset's focus on enterprise-grade privacy and compliance-ready infrastructure could drive mainstream financial integration of blockchain technology.
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