Digital Asset, the core developer behind the privacy-focused Canton Network, has secured $135 million in a strategic funding round backed by major financial players including Goldman Sachs, BNP Paribas, and Citadel Securities. The round was led by DRW Venture Capital and Tradeweb Markets, with participation from a wide slate of institutions across traditional finance and digital asset ecosystems.
Digital Asset (US) Corp.
Announced Tuesday, the funding will fuel the next phase of growth for the Canton Network, a Layer 1 blockchain tailored for institutional use. Digital Asset plans to use the capital to accelerate the adoption of real-world asset (RWA) integrations across a broad spectrum of financial instruments—ranging from bonds and funds to commodities and money market assets.
“This funding milestone validates the inevitability of what we envisioned years ago: a privacy-enabled public blockchain designed specifically for institutional adoption,” said Yuval Rooz, co-founder and CEO of Digital Asset. “Canton is already supporting a wide range of asset classes, and this raise will help us onboard even more.”
Building a Scalable Future for Institutional Blockchain
The Canton Network stands out in the crowded blockchain landscape by offering privacy-first features that allow institutions to configure how data is shared, meeting regulatory and operational demands without compromising decentralization. This approach has attracted nearly 400 ecosystem participants, according to the company, positioning Canton as a serious contender in the race to bring blockchain into mainstream finance.
Digital Asset’s vision aligns closely with the broader trend of real-world asset tokenization, a market that’s rapidly gaining momentum as financial institutions explore blockchain as a tool for efficiency, transparency, and programmability.
Deepening Strategic Alliances
The raise also solidifies Digital Asset’s partnerships with some of its early backers and collaborators. Several participating firms — including Goldman Sachs, Liberty City Ventures, DRW, QCP, and Tradeweb — have already been involved in testing, governance, and infrastructure development for the Canton Network.
“Goldman Sachs remains committed to accelerating the adoption of digital assets and a blockchain-powered financial system,” said Mathew McDermott, Global Head of Digital Assets at Goldman Sachs. “Our longstanding relationship with Digital Asset stems from a deep conviction in the strength of their technology, which continues to be foundational to the development and ongoing success of GS DAP.”
The round also drew investments from Circle Ventures, Optiver, Paxos, Polychain Capital, Virtu Financial, and others — underscoring widespread institutional confidence in Digital Asset’s infrastructure and roadmap.
