Digital Asset raised $135 million led by DRW Venture Capital and Tradeweb Markets, aiming to expand the Canton Network, a privacy-enabled public blockchain for institutional use.
This investment enhances efforts to tokenize real-world assets for institutional blockchains, potentially impacting financial instrument markets while enhancing blockchain infrastructure compliance.
DRW and Tradeweb Lead $135M Canton Investment
Digital Asset announced a successful $135 million funding round, propelling the expansion of the Canton Network. Led by notable investors DRW Venture Capital and Tradeweb Markets, the initiative aims at scaling blockchain technology for institutional users. As Yuval Rooz, Co-founder and CEO of Digital Asset, stated, “This funding milestone validates the inevitability of what we envisioned years ago: a privacy-enabled public blockchain designed specifically for institutional adoption.”
The funds will boost integration and tokenization of financial assets like bonds and commodities. Institutional players such as Goldman Sachs and BNP Paribas played pivotal roles, strengthening ties within the blockchain space.
Canton Network Advances RWA Tokenization Strategy
The capital will support the Canton Network’s adoption of real-world asset (RWA) tokenization. This move is expected to strengthen relationships with existing institutional partners, driving interest in compliant blockchain infrastructure improvements.
Market analysts anticipate enhanced financial markets dynamics through tokenized assets, although the focus remains on RWAs rather than traditional cryptocurrencies like ETH or BTC. The project aligns with global trends in institutional blockchain adoption strategies.
Institutional Blockchain Projects Mirror JPMorgan’s Onyx
Previously, initiatives such as JPMorgan’s Onyx launch mirror similar goals by focusing on institutional blockchain use, emphasizing the strategic approach to expand into secure tokenization of assets.
Experts suggest that as the Canton Network evolves, similar projects historically led to gradual increases in blockchain examination and pilot programs. The unclear direct effects on crypto prices highlight the ongoing integration phase.
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