135 million dollars from finance giants to blockchain company
The traditional finance and crypto/blockchain worlds continue to forge stronger ties every day. Most recently, Digital Asset, the largest developer company behind the Canton Network, which is focused on privacy and developed for the institutional finance sector, raised 135 million dollars from giants of the traditional world.
Among them, the investment round led by DRW Venture Capital and Tradeweb Markets included many companies, from the French bank BNP Paribas to the American and global giant Goldman Sachs, and from DTCC, which performs custody and settlement operations for Nasdaq, to Circle.
Paxos, Polychain Capital, QCP, Republic Digital, and 7RIDGE were also major firms participating in the investment round, well-known in the crypto world.
Digital Asset will spend this fund to increase the use cases of Canton in the corporate and DeFi worlds.
“Privacy-focused open blockchain…”
Digital Asset founder and CEO Yuval Rooz stated that they have seen the scenario they envisioned years ago now come to fruition, and he said the following:
“This investment shows that the privacy-focused open blockchain created for corporate adaptation, which we envisioned and dreamed of years ago, is now unstoppable. Canton currently supports many asset classes, from bonds to alternative funds. Along with this investment, more real-world assets will come to this blockchain.”
Previously, BNP Paribas, DRW, Goldman Sachs, Liberty City Ventures, QCP, and Tradeweb had participated in the testing phase of Canton. It appears that these companies continue to provide their support alongside the investment.
Mathew McDermott, the head of digital assets at Goldman Sachs, said, “As Goldman, we also support the development of a blockchain-based financial system.”
Published: June 24, 2025 15:47Last Updated: June 24, 2025 15:48