Wall Street Firms Invest $135M in Canton Blockchain Network

• Digital Asset raised $135 million to grow its blockchain network.
• Canton Network helps institutions move real-world assets on-chain securely.
• Big investors include Goldman Sachs, BNP Paribas, and Circle Ventures.

Digital Asset, the company behind the Canton Network, has just raised $135 million in a new funding round. This major funding was led by DRW Venture Capital and Tradeweb Markets, with big names like Goldman Sachs, BNP Paribas, Circle Ventures, DTCC, Paxos, and Polychain Capital also joining in.

The Canton Network is the first public blockchain designed specifically for financial institutions. It allows them to move real-world assets (RWAs) like bonds, commodities, funds, mortgages, and life insurance on-chain while keeping data private and meeting strict financial regulations.

This move also shows a growing trend: traditional finance giants are embracing blockchain technology to improve how assets are traded, settled, and managed. 

Why This Matters

So far, blockchain adoption in traditional finance has been limited, mainly because the technology still needs to prove it can handle large-scale operations with the same reliability as existing financial systems.

This investment will help bring hundreds of billions of dollars’ worth of traditional assets onto the blockchain. The Canton Network already has nearly 400 participants in its ecosystem and has seen rapid growth over the last year. The new funding will accelerate its expansion and adoption in both traditional finance and decentralized finance (DeFi).

Yuval Rooz, CEO of Digital Asset, said this milestone proves their long-term vision is becoming reality, building a blockchain that balances privacy and compliance for big financial players.

“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,” he said.

Last year, Goldman Sachs, BNY Mellon, Cboe Global Markets, and several other major firms took part in a series of pilot tests using a blockchain network designed to connect banks and financial institutions. It was one of the largest trials of its kind in capital markets.