Digital Asset, the company behind the Institutional Blockchain Canton Network, has raised $135 million, the company announced Tuesday.
The strategic funding round was co-led by DRW and TradeWeb markets, with Wall Street and fintech companies Goldman Sachs, BNP Paribas, Circle Ventures, Pax, Polycaine Capital and QCP also taking part.
Digital assets announced that they will use cash to “accelerate institutional and decentralized financial adoption in the Canton network.”
raised $135 million, led by @@DrwTrading and @TradeWeb, and fundraising participants: @Bnpparibas, @circle, @citsecurities, @the_dtcc, @goldmansachs, IMC, @lcventures, @optiverglobal, @paxos, @polychain, @qugridg1 Finance.
This isn’t just…pic.twitter.com/poyxoqbwaz
– June 24, 2025
“We’re committed to providing a range of services to digital asset services,” said Yuval Rooz, co-founder and CEO of Digital Asset. “Canton already actively supports a large number of asset classes, from bonds to alternative funds, and this salary increase will accelerate even more real-world assets and ultimately turn the transformative promise of blockchain into an institutional reality.”
Matthew McDermott, global head of digital assets at Goldman Sachs, added that banks have a “deep belief in the strength” of digital assets.
“By enabling agencies to tailor their privacy settings to their specific needs, Canton overcomes key barriers to blockchain adoption: conflicts between transparency and financial confidentiality,” the digital asset said in a statement.
“As the first comprehensive solution of its kind, Canton will fill the gap between blockchain innovation and real-world financial compliance.”
The Canton Network is a blockchain designed to streamline financial markets, enabling major financial institutions to accelerate transactions while reducing risk.
Top financial companies such as Deloitte, S&P Global and Moody’s started in 2023.
Tuesday’s announcement added that real-world assets such as bonds, money market funds and products will all be integrated into the Canton Network along with Rays.
The major financial institutions, mostly BlackRock, are interested in tokenizing assets. For many years, investors have called for securities and products to be placed on the blockchain.
Buidl is BlackRock’s first tokenized fund issued on the public blockchain. It debuted on the Ethereum Network in March 2024.
edit James Rubin
