Digital Asset has announced a significant strategic funding round of approximately $50 million, led by a consortium of major financial institutions and market operators. The investment group includes BNY Mellon, iCapital, Nasdaq, and S&P Global. This capital infusion is earmarked to accelerate the scaling and adoption of the Canton Network, a privacy-enabled, interoperable blockchain platform designed for institutional financial applications.
The funding arrives as major financial entities demonstrate increasing interest in onchain asset tokenization and the modernization of capital markets infrastructure. The Canton Network, by enabling controlled data sharing and atomic settlement across independent applications, addresses key institutional requirements for privacy and compliance. This backing from established industry leaders signals strong confidence in the network’s potential to underpin a new generation of financial products and services, moving complex workflows onto distributed ledger technology.
Digital Asset will utilize the new funds to expand development, drive network participation, and support the growing ecosystem of financial institutions exploring tokenized assets and synchronized multi-party processes. This move underscores a pivotal phase for institutional blockchain adoption, focusing on scalable, enterprise-grade solutions.
