Digital Asset, the blockchain firm behind Canton Network (CC), said on Thursday it has secured a strategic investment from four major traditional financial players, as Wall Street continues to embrace crypto.
Investors in the round were BNY, a financial services firm that oversees $57 trillion of client assets, exchange operator Nasdaq, financial intelligence firm S&P Global and iCapital, a fintech firm backed by BlackRock, Blackstone and JPMorgan. The company did not disclose the size of the investment in a press release.
The investment underscores legacy financial firms’ growing support for blockchain infrastructure built specifically for regulated markets. The Canton Network was designed to enable institutions to issue and trade real-world assets such as bonds, loans and funds on a shared ledger while maintaining privacy and compliance with legal requirements. It combines the features of a public blockchain, such as decentralization, with the security measures required for traditional finance.
“Institutions across the financial ecosystem recognize the need for purpose-built blockchain infrastructure for regulated markets,” Yuval Ruz, CEO of Digital Asset, said in a statement. ,
The latest investment follows the 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.
The firm said Canton currently boasts $6 trillion in assets, with more than 600 institutions participating across the ecosystem.
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