Analyzing with AI…
Coverage is mostly measured — 10 of 10 reports stay neutral.
Digital Asset, the developer of the Canton Network, has secured $355 million in a funding round led by a16z crypto. The investment, which exceeded a previously reported target of $300 million, includes participation from major financial institutions and entities such as the Abu Dhabi Investment Authority, Citadel Securities, Apollo Funds, and others. The company aims to use these funds to further develop its blockchain infrastructure, which is designed to support institutional-grade privacy, compliance, and the tokenization of traditional financial assets.
The Canton Network is described as a public Layer-1 blockchain that currently supports over $6 trillion in on-chain assets across more than 600 participating institutions. Digital Asset is collaborating with organizations like the Depository Trust & Clearing Corporation to facilitate the tokenization of assets, such as US Treasury securities. This funding round reflects a broader trend of traditional financial firms investing in blockchain infrastructure tailored for regulated markets.
Digital Asset raised $355 million in a funding round led by a16z crypto, surpassing its initial target of $300 million.
The Canton Network currently supports over $6 trillion in on-chain assets and involves more than 600 institutional participants.
The network utilizes a native utility token, CC, which is used for network fees and features no pre-mine or founder allocations.
Investors in the latest round include the Abu Dhabi Investment Authority, Citadel Securities, Apollo Funds, ABN Amro, BNP Paribas, HSBC, and SBI Group.
Digital Asset is working with the Depository Trust & Clearing Corporation to tokenize US Treasury securities.
The Canton Network is a privacy-enabled public Layer-1 blockchain designed to provide institutional-grade infrastructure for tokenizing and transacting traditional financial assets.
The funding round was led by the a16z crypto fund, which contributed $100 million.
Yes, the network uses a native utility token called CC, which is used to pay for network fees and has no pre-mine or founder allocations.
The network currently includes more than 600 participating institutions.
Every Monday — the token unlocks, Fed dates & catalysts set to move crypto and markets this week. So you’re never blindsided.
Free · 3-min read · one-click unsubscribe