Digital Asset has raised $135 million in a strategic funding round to accelerate the adoption of its Canton Network.
The New York-based technology company, founded in 2014, is best known for pioneering blockchain infrastructure for institutional finance.
The latest funding round was led by DRW Venture Capital and Tradeweb Markets, with participation from a roster of traditional and decentralised finance players including Goldman Sachs, BNP Paribas, Citadel Securities, Circle Ventures, and the DTCC.
The capital will be used to expand the integration of real-world assets (RWAs) onto the Canton Network, which supports bonds, money market funds, repos, and annuities.
It has around 400 ecosystem participants and is positioning itself as the backbone of institutional blockchain infrastructure.
Yuval Rooz, the chief executive officer of Digital Asset, described the raise as a validation of the firm’s long-term vision.
He said: “This funding milestone validates the inevitability of what we envisioned years ago: a privacy-enabled public blockchain designed specifically for institutional adoption.
“Canton is already actively supporting numerous asset classes–from bonds to alternative funds–and this raise will accelerate onboarding even more real-world assets, finally making blockchain’s transformative promise an institutional-scale reality.”
The Canton Network’s architecture allows institutions to tailor privacy settings to meet compliance needs, addressing a key barrier to blockchain adoption in regulated markets.
The funding strengthens ties with firms already active in the network’s governance and development, including DRW, Goldman Sachs, and Tradeweb.
