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Canton Network Developer Digital Asset Completes $135 Million Strategic Financing, Led by DRW Venture Capital

Summary: According to reports, the developer of privacy blockchain Canton Network, Digital Asset, has announced the completion of a $135 million strategic financing round led by DRW Venture Capital and Tradeweb Markets, with participation from institutions such as BNP Paribas, Circle Ventures, Citadel Securities, DTCC, Virtu Financial, Paxos, and other well-known companies in the traditional finance ...

According to reports, the developer of privacy blockchain Canton Network, Digital Asset, has announced the completion of a $135 million strategic financing round led by DRW Venture Capital and Tradeweb Markets, with participation from institutions such as BNP Paribas, Circle Ventures, Citadel Securities, DTCC, Virtu Financial, Paxos, and other well-known companies in the traditional finance and crypto sectors.

Canton Network, with configurable privacy as its core, has attracted companies including Goldman Sachs and Bank of New York Mellon to test RWAs on its platform. This financing will help Canton Network further expand the coverage of RWAs, which currently include asset classes such as bonds, money market funds, alternative funds, commodities, repurchase agreements, mortgage loans, life insurance, and annuities.

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