Digital Asset, the blockchain company behind Canton Network (CC), said Thursday that it has secured strategic investments from four major traditional financial players, as Wall Street’s adoption of cryptocurrencies continues.
Investors in this round were BNY, a financial services firm that oversees $57 trillion in client assets, stock exchange operator Nasdaq, financial intelligence firm S&P Global, and iCapital, a financial technology firm backed by BlackRock, Blackstone, and JP Morgan. The company did not disclose the size of the investment in the press release.
The investment underscores growing support from traditional financial firms for blockchain infrastructure built specifically for regulated markets. Canton Network was designed to allow institutions to issue and trade real-world tokenized assets, such as bonds, loans, and funds, on a shared ledger while maintaining privacy and compliance with legal requirements. It combines features of public blockchains, such as decentralization, with the safeguards required by traditional finance.
“Institutions across the financial ecosystem recognize the need for blockchain infrastructure designed specifically 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, led by major firms including BNP Paribas, TradeWeb, Goldman Sachs, DRW and Citadel Securities.
Canton currently has $6 trillion in on-chain assets with more than 600 institutions participating across the ecosystem, the firm said.
Read more: Canton network activity surges as exchanges join validators: Copper Research
