Digital Asset, the lead developer behind the privacy-enabled Canton Network, has raised $135 million in a strategic funding round, the company announced Tuesday. The round was led by DRW Venture Capital and Tradeweb Markets, with participation from major institutional players such as Goldman Sachs, BNP Paribas, Citadel Securities, Circle Ventures, Paxos, and Polychain Capital.
The capital infusion will fuel the growth of Canton Network’s institutional blockchain ecosystem, focusing on the tokenization of real-world assets such as bonds, commodities, money market funds, and alternative investment vehicles.
Driving Institutional-Scale Blockchain Adoption
According to CEO Yuval Rooz, the funding validates Digital Asset’s long-term vision for an institutional-grade, privacy-enabled public blockchain. “Canton is already actively supporting numerous asset classes,” Rooz said. “This raise will accelerate onboarding even more real-world assets, finally making blockchain’s transformative promise an institutional-scale reality.”
Strengthening Strategic Partnerships
The funding round further cements ties with Canton Network’s current ecosystem partners — including BNP Paribas, DRW, Goldman Sachs, and Tradeweb — who have actively contributed to governance, infrastructure, and application development.
Mathew McDermott, Global Head of Digital Assets at Goldman Sachs, commented: “Our longstanding relationship with Digital Asset stems from a deep conviction in the strength of their technology. We are pleased to participate in this latest round and support their role as a critical player in the institutional digital asset ecosystem.”
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Privacy-First Design Meets Regulatory Needs
Canton Network’s architecture allows institutions to fine-tune privacy settings to meet specific regulatory and operational requirements. Currently, the network boasts nearly 400 ecosystem participants spanning traditional and decentralized finance.
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