Digital Asset, the blockchain company behind Canton Network (CC), said Thursday it has secured strategic investments from four major traditional financial players, as Wall Street’s adoption of crypto continues.
Investors in this round included BNY, a financial services company overseeing $57 trillion in client assets, stock exchange operator Nasdaq, financial intelligence firm S&P Global and iCapital, a fintech company backed by BlackRock, Blackstone and JP Morgan. The company did not disclose the investment amount in the press release.
This investment highlights traditional financial firms’ growing support for blockchain infrastructure designed specifically for regulated markets. The Canton Network was designed to enable institutions to issue and trade real-world tokenized assets, such as bonds, loans and funds, on a shared ledger while maintaining privacy and complying with legal requirements. It combines the characteristics of public blockchains, such as decentralization, with the guarantees required by traditional finance.
“Institutions across the financial ecosystem recognize the need for blockchain infrastructure purpose-built for regulated markets,” Yuval Rooz, CEO of Digital Asset, said in a statement. “
The latest investment follows Digital Asset’s $135 million funding round in June, led by major firms including BNP Paribas, TradeWeb, Goldman Sachs, DRW and Citadel Securities.
Canton currently has $6 trillion in on-chain assets with over 600 institutions participating across the ecosystem, the company said.
Read more: Canton Network Activity Increases as Exchanges Join Validators: Copper Research
