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Canton Network Raises $135M to Become Wall Street’s Blockchain Backbone

Digital Asset’s Canton Network secured $135M from Goldman Sachs, Circle, and Citadel to scale its privacy-first blockchain for real-world asset tokenization. Here’s why institutions are betting big.

Canton Network Secures $135M to Lead Institutional Blockchain Adoption

Digital Asset just raised $135 million to scale Canton Network, its Layer-1 blockchain built specifically for institutional finance. Backed by names like Goldman Sachs, Circle Ventures, Citadel, and BNP Paribas, this raise sends a clear message: TradFi wants compliant, scalable blockchain infrastructure.

If you're in finance, this isn't optional anymore. Canton is becoming the default.

Why Canton Network Matters Now

Canton isn't another general-purpose chain. It’s the first public, permissionless blockchain with configurable privacy layers and regulatory compliance baked in. That’s the key. No more trade-offs between decentralization and control.

Already, over 400 organizations are running on it. Use cases?

  • Tokenized bonds, repos, and commodities
  • Structured mortgage products
  • On-chain insurance contracts
  • Alternative funds with full compliance and KYC

This is real infrastructure for real-world assets, not vaporware.

Funding Firepower from TradFi and Crypto Giants

The round was led by DRW Venture Capital and Tradeweb Markets, but participation stretched across the financial stack:

  • Circle Ventures
  • BNP Paribas
  • Citadel Securities
  • Goldman Sachs
  • DTCC
  • Paxos
  • Virtu Financial
  • Polychain Capital

This isn’t a Web3 hype cycle. It’s a TradFi upgrade.

Strategic Positioning for Global Collateral Systems

What makes Canton unique is its Global Synchroniser Foundation, a governance framework that lets banks, brokers, and asset managers deploy apps, smart contracts, and identity services on a shared backend without compromising client privacy.

That’s why Goldman Sachs uses it for GS DAP, and why QCP, Tradeweb, and others are building on top.

Leadership Speaks: This Is the Inflection Point

“We’re at the point where blockchain isn’t an experiment. Canton is being used at scale to move trillions in value.”
— Don Wilson, DRW

“The diversity of assets already on Canton shows it’s ready for mainstream finance.”
— Billy Hult, Tradeweb

“We see this tech as core to the future of global finance.”
— Mathew McDermott, Goldman Sachs

“Canton solves privacy and compliance—the two things holding crypto back from full institutional use.”
— Melvin Deng, QCP

What This Means for Real-World Asset Adoption

If you're building in DeFi, tokenization, or custody, this changes the roadmap. Canton just locked in capital, credibility, and institutional buy-in. It’s not just another chain, it’s the protocol layer that TradFi trusts.

The bet here isn’t on speculation. It’s on blockchain as financial infrastructure.

Written by
Bananagun
published on
June 28, 2025