Digital Asset raises US$135m to accelerate Canton Network adoption
24 June 2025 US
Image: Natalia/stock.adobe.com
Digital Asset, the company behind the pioneering Canton Network, has raised US$135 million in its strategic funding round.
The funding aims to accelerate institutional and decentralised finance adoption on the Canton Network 鈥� a public, permissionless Layer-1 blockchain.
Led by DRW Venture Capital and Tradeweb Markets, the round includes participation from institutions in both traditional and decentralised finance, including BNP Paribas, Circle Ventures, Citadel 麻豆传媒, and The Depository Trust & Clearing Corporation (DTCC).
According to Digital Asset, the capital will expand the integration of hundreds of billions of real-world assets (RWAs) onto Canton, building upon its deployment of diverse asset classes, including bonds, money market funds, repos, and annuities.
The Canton Network, built and operationalised by Digital Asset in close partnership with top global financial institutions and technology providers, represents the next phase of financial infrastructure, the firm says.
Yuval Rooz, co-founder and CEO of Digital Asset, comments: 鈥淭his funding milestone validates the inevitability of what we envisioned years ago: a privacy-enabled public blockchain designed specifically for institutional adoption.
鈥淐anton is already actively supporting numerous asset classes 鈥� from bonds to alternative funds 鈥� and this raise will accelerate onboarding even more real-world assets, finally making blockchain鈥檚 transformative promise an institutional-scale reality.鈥�
By allowing institutions to tailor privacy settings to their specific needs, the firm says Canton overcomes the primary barrier to blockchain adoption: the conflict between transparency and financial confidentiality.
Don Wilson, founder and CEO of DRW, says: 鈥淭oday, major players from crypto and traditional finance have joined Digital Asset on its mission to catalyse the next evolution in markets. Building on the work that we started a decade ago, we are at the inflection point of being able to use blockchain at scale in traditional markets.
鈥淲ith trillions of dollars鈥� worth of real-world assets already leveraging the Canton Blockchain, this next round of funding creates significant momentum for the company, and cements Canton as the de facto protocol for global collateral mobility.鈥�
Billy Hult, CEO of Tradeweb, adds: 鈥淒igital Asset and Canton are addressing real-world challenges in financial markets, not just theoretical concepts.
鈥淭he fact that such a wide range of asset classes are already integrated onto Canton is an important sign that this network is ready for mainstream finance. At Tradeweb, we see DLT and smart contracts as catalysts for reimagining and reshaping market structure 鈥� unlocking workflow efficiencies and accelerating the shift toward electronic markets.鈥�
The funding aims to accelerate institutional and decentralised finance adoption on the Canton Network 鈥� a public, permissionless Layer-1 blockchain.
Led by DRW Venture Capital and Tradeweb Markets, the round includes participation from institutions in both traditional and decentralised finance, including BNP Paribas, Circle Ventures, Citadel 麻豆传媒, and The Depository Trust & Clearing Corporation (DTCC).
According to Digital Asset, the capital will expand the integration of hundreds of billions of real-world assets (RWAs) onto Canton, building upon its deployment of diverse asset classes, including bonds, money market funds, repos, and annuities.
The Canton Network, built and operationalised by Digital Asset in close partnership with top global financial institutions and technology providers, represents the next phase of financial infrastructure, the firm says.
Yuval Rooz, co-founder and CEO of Digital Asset, comments: 鈥淭his funding milestone validates the inevitability of what we envisioned years ago: a privacy-enabled public blockchain designed specifically for institutional adoption.
鈥淐anton is already actively supporting numerous asset classes 鈥� from bonds to alternative funds 鈥� and this raise will accelerate onboarding even more real-world assets, finally making blockchain鈥檚 transformative promise an institutional-scale reality.鈥�
By allowing institutions to tailor privacy settings to their specific needs, the firm says Canton overcomes the primary barrier to blockchain adoption: the conflict between transparency and financial confidentiality.
Don Wilson, founder and CEO of DRW, says: 鈥淭oday, major players from crypto and traditional finance have joined Digital Asset on its mission to catalyse the next evolution in markets. Building on the work that we started a decade ago, we are at the inflection point of being able to use blockchain at scale in traditional markets.
鈥淲ith trillions of dollars鈥� worth of real-world assets already leveraging the Canton Blockchain, this next round of funding creates significant momentum for the company, and cements Canton as the de facto protocol for global collateral mobility.鈥�
Billy Hult, CEO of Tradeweb, adds: 鈥淒igital Asset and Canton are addressing real-world challenges in financial markets, not just theoretical concepts.
鈥淭he fact that such a wide range of asset classes are already integrated onto Canton is an important sign that this network is ready for mainstream finance. At Tradeweb, we see DLT and smart contracts as catalysts for reimagining and reshaping market structure 鈥� unlocking workflow efficiencies and accelerating the shift toward electronic markets.鈥�
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