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Digital Asset has raised $355 million in a funding round led by a16z crypto, giving the Canton Network more capital as banks, asset managers and trading firms move regulated market activity onto blockchain rails.
The round brought together investors from traditional finance and crypto, including ABN Amro, Apollo Funds, BNP Paribas, Broadridge, Citadel Securities, CME Ventures, Coinbase Ventures, HSBC, S&P Global, SBI Group, SoFi, Tradeweb and a subsidiary of the Abu Dhabi Investment Authority.
A16z Leads $355M Canton Round
Digital Asset said the funding will be used to expand Canton’s ecosystem, support developers and financial institutions, and bring more assets and regulated workflows onto the network. FT Partners advised the company on the transaction.
The round also starts a closer partnership with a16z crypto. Digital Asset said the venture firm will support Canton across company building, crypto, policy and research as the network scales.
Canton Targets Institutional Privacy
Canton was built for financial institutions that need shared blockchain infrastructure without exposing all transaction data to every participant. Digital Asset describes Canton as a public layer-one blockchain with privacy features built for institutions.
The network is aimed at tokenization, collateral mobility, settlement, payments and other market workflows where banks and trading firms need privacy, controls and interoperability. That separates Canton from public crypto networks built around open visibility and permissionless participation.
Canton Works With Over 700 Participants
Digital Asset Chief Executive Yuval Rooz said capital markets need blockchain systems that match how institutions operate, with privacy, compliance, scale and interoperability built in from the start.
The company said it is working with more than 700 ecosystem participants. That gives Canton a broad institutional base as Digital Asset tries to move more regulated assets and workflows onto shared blockchain infrastructure.
Investors Span Banks, Brokers and Exchanges
The investor list includes banks, brokers, exchanges, data firms and asset managers that may later use tokenization, settlement and collateral tools. That mix gives Canton backing from companies involved in several parts of market infrastructure, including trading, custody, payments, benchmarks and securities processing.
Digital Asset said the funding will support more assets, applications and regulated workflows on Canton as the network expands across institutional finance.
