Digital Asset, the blockchain company behind Canton Network (CC), said on Thursday it had received strategic investments from four major traditional financial players as Wall Street continues to embrace cryptocurrencies.
Investors in the round include Bank of New York, a financial services firm that manages $57 trillion in client assets, exchange operator Nasdaq, financial intelligence firm S&P Global and iCapital, a fintech firm backed by BlackRock, Blackstone and JPMorgan Chase. The company did not disclose the size of the investment in the release.
The investment highlights growing support among traditional financial firms for blockchain infrastructure built specifically for regulated markets. The Canton Network is designed to enable institutions to issue and trade tokenized real-world 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 safeguards required in traditional finance.
“Institutions across the financial ecosystem recognize the need for blockchain infrastructure purpose-built for regulated markets,” Digital Asset CEO Yuval Rooz said in a statement.
This latest investment follows 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 has $6 trillion in on-chain assets, with more than 600 institutions participating in the entire ecosystem, the company said.
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