Digital Asset, the blockchain firm behind Canton Network (CC), said Thursday it has secured strategic investments from four major traditional financial players as Wall Street’s crypto embrace continues.
The investors in this round were BNY, a financial services firm that oversees $57 trillion in client assets, exchange operator Nasdaq, financial intelligence firm S&P Global and iCapital, a fintech firm backed by BlackRock, Blackstone and JP Morgan. The company has not disclosed the size of the investment in the press release.
The investment underscores the growing support from legacy financial firms for blockchain infrastructure built 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 regulatory compliance. It combines features of public blockchains, such as decentralization, with the safeguards required by traditional finance.
“Institutions across the financial ecosystem recognize the necessity of blockchain infrastructure that is purpose-built for regulated markets,” Yuval Rooz, CEO of Digital Asset, said in a statement. “
The latest investment comes on the heels of Digital Asset’s $135 million funding round in June, which was led by major firms including BNP Paribas, TradeWeb, Goldman Sachs, DRW and Citadel Securities.
Canton currently boasts $6 trillion of assets onchain with over 600 institutions participating across the ecosystem, the firm said.
Read more: Canton Network Activity Increases as Exchanges Join Validators: Copper Research
