Digital Asset, the company behind the Canton Network focused on privacy, raised $ 135 million during a major financing round to accelerate the adoption of blockchain on the global financial markets.
The risk capital of DRW and the markets of Tradeweb led the strategic lifting, which attracted a wide range of participants from the financial industries and traditional cryptocurrencies. Among investors are Circle Ventures, BNP Paribas, Citadel Securities, Goldman Sachs, DTCC, Paxos, Polychain Capital, QCP and Virtu Financial.
Funding will be used to scale the Canton network, the only public layer-1 blockchain without authorization designed with configurable confidentiality and compliance of institutional quality.
With nearly 400 organizations already active on the network, Canton is positioned as the essential infrastructure for tokenization and real asset trade (RWAS) such as bonds, products, rest, mortgages and insurance products.
Yuval Rooz, co-founder and CEO of Digital Asset said: “This important step validates the inevitability of what we are considering years ago: a public blockchain compatible with privacy designed specifically for institutional adoption. Canton already actively supports an extent to an increase in transmission to an increase in transmission to even more real transformation, reality on an institutional scale. »»
The Canton network has experienced rapid growth, supported by long -standing partnerships with major financial institutions. Many investors, such as DRW, Goldman Sachs, Tradeweb and QCP, have already played significant roles in governance, infrastructure or application development for the network through global synchronize Foundation.
Don Wilson, founder and CEO of DRW, underlined the importance of this funding as a catalyst for the transformation of the long -term market: “Today, the main players in crypto and traditional finance have joined digital assets on its mission to catalyze the next development of the markets. The active ingredients already from the Canton blockchain, this next financing cycle creates an important dynamic for the company, and canton cements as a de facto protocol for global collateral mobility. »»
Billy Hult, CEO of Tradeweb, praised the practical usefulness of the platform: “Digital Asset and Canton tackle the real world challenges on the financial markets, not only the theoretical concepts. The fact that such a wide range of asset classes is already integrated into Canton is an important sign that this network is ready for finances. Reinvent and reshape the structure of the market, unlock the efficiency of the workflow and accelerate change to electronic markets. »»
The increase reflects an increasing recognition that the potential of blockchain in finance depends on the resolution of privacy and regulatory compatibility, two areas where canton design offers a differentiated edge.
Mathew McDermott, a global manager of digital assets at Goldman Sachs, noted: “Goldman Sachs remains determined to accelerate the adoption of digital assets and a financial system powered by the blockchain. Our long -standing relationship with digital assets stems from a deep conviction in the strength of their technology, which continues to be based for development and to continue the success of GS DAP®. A critical actor in the ecosystem of institutional digital assets. »»
In addition, other donors have echoed the role of the network as a bridge between DEFI innovation and traditional finance.
Melvin Deng, CEO of QCP, added: “We believe that digital assets should be an essential element of institutional finance, and in QCP, this is our mission. Canton creates the type of infrastructure that makes this possible – compliant, interoperable and faithful. Our investment signals believe not only in technology, but for the purpose of this. ”
While the blockchain continues to go from experimentation to implementation, the trajectory of Canton Network indicates a turning point on how the capital markets can evolve. With a new capital and a deepening basin of institutional collaborators, Digital Asset is betting on the manufacture of a decentralized infrastructure that is an integral part of the global financial system.
