Canton Network Raises $135M to Boost Privacy-Enabled Blockchain for Institutional Digital Finance

June 24, 2025
Canton Network Raises $135M to Boost Privacy-Enabled Blockchain for Institutional Digital Finance
  • Canton Network has experienced significant growth, now boasting nearly 400 ecosystem participants, reflecting increasing interest from traditional finance sectors.

  • Digital Asset, the company behind the Canton Network, has successfully secured $135 million in a funding round led by DRW and Tradeweb, with notable participation from Goldman Sachs, Citadel, and BNP Paribas.

  • CEO Yuval Rooz emphasized that this funding milestone is crucial for accelerating the onboarding of various asset classes onto a privacy-enabled blockchain, reinforcing the company's vision for institutional digital finance.

  • The Canton Network is designed to serve as critical infrastructure for institutional digital asset adoption, addressing significant barriers such as privacy, compliance, and scalability.

  • Rooz also highlighted the platform's unique privacy features, allowing users to customize privacy settings for their assets, which facilitates the coexistence of fully private and public assets.

  • These developments reflect a growing institutional interest in cryptocurrency, with both the funding for Canton and the launch of new products like stablecoins indicating a shift towards a more crypto-centric financial future.

  • The real-world asset (RWA) market has seen remarkable growth, increasing by over 260% in the first half of 2025, with a total valuation surpassing $23 billion.

  • Goldman Sachs and BNP Paribas have been long-term partners with Canton since 2023, demonstrating their commitment to blockchain technology and its potential in finance.

  • Mathew McDermott from Goldman Sachs reiterated the bank's dedication to promoting digital assets, acknowledging the foundational role of Digital Asset's technology in developing a blockchain-based financial system.

  • Industry leaders, including Don Wilson from DRW, expressed optimism about the Canton Network's potential to transform market structures and enhance efficiency in financial transactions.

  • Previous pilot programs demonstrated the interoperability of 22 independent distributed ledger applications, showcasing the ability to conduct secure transactions while maintaining necessary privacy controls.

  • Wilson also noted that the funding signifies major support from both crypto and traditional finance sectors, positioning Canton as a leading protocol for global collateral mobility.

Summary based on 9 sources


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