Institutional Giants Back $355M Canton Network Round as DTCC Treasury Deal Nears

CN
3 hours ago

  • Key Takeaways:

    • Digital Asset closed a $355M equity round led by A16z Crypto, which contributed $100M to the raise.
    • Canton Network processes more than $4T in monthly volume with DTCC Treasury tokenization targeted for 2026.
    • CEO Yuval Rooz confirmed the funds will support M&A activity and expanded onchain partnerships.
  • The round drew participation from Abu Dhabi Investment Authority, Apollo Funds, Citadel Securities, BNP Paribas, HSBC, CME Ventures, Coinbase Ventures, Tradeweb, S&P Global, SBI Group, Polychain, Optiver, SoFi, and roughly a dozen additional strategic backers.

    Financial Technology Partners served as the exclusive financial advisor. While the company did not disclose an official valuation, Bloomberg and other outlets previously reported that Digital Asset was targeting a raise of approximately $2 billion.

    Canton is not a retail chain. It is a public, permissionless Layer-1 blockchain built specifically for regulated capital markets, offering sub-transaction privacy that lets counterparties see only the portions of a deal relevant to them.

    That architecture solves a problem that has stalled institutional blockchain adoption for years: major financial firms cannot operate on standard public chains where every transaction is visible to every node. Canton uses the Daml smart contract language and routes complex multi-party workflows, from repo settlement to collateral mobility, through a decentralized Global Synchronizer.

    The company’s current metrics carry weight:

    • More than $6 trillion in tokenized real-world assets are supported or issued on the network
    • More than $4 trillion in monthly transaction volume
    • More than $12 billion in digitally native securities issued
    • Settlement times compressed from T+5 to T+0 in under 60 seconds
    • More than 700 ecosystem participants

    Those figures are not projections. They reflect live workflows running through partners including JPMorgan, Broadridge, Visa (a Canton Super Validator integrated into stablecoin settlement pilots), and DTCC, which has a partnership to tokenize U.S. Treasury securities targeted for completion in 2026.

    Co-founder and CEO Yuval Rooz said the investment gives the company freedom to pursue M&A and accelerate the migration of financial workflows onchain. “Canton was purpose-built for this, and Digital Asset is working with more than 700 ecosystem participants to make Canton the core infrastructure for global finance,” Rooz said.

    Ali Yahya, General Partner at A16z Crypto, called Digital Asset one of the clearest examples of blockchain product-market fit in regulated finance. “Real-world assets and institutional workflows move onchain,” Yahya said, describing the opportunity as no longer theoretical.

    Digital Asset reported it is already profitable, a distinction that separates it from most blockchain infrastructure companies still burning toward scale. Rooz indicated the fresh capital will fund ecosystem expansion, strategic partnerships, and targeted M&A rather than a survival runway.

    The company’s prior rounds include a $135 million raise in June 2025 co-led by Tradeweb and DRW Venture Capital, and a roughly $50 million raise in December 2025 with BNY Mellon, Nasdaq, S&P Global, and Icapital. The June 2026 round significantly exceeds both in size and the breadth of institutional participation.

    The round signals that the convergence of traditional finance and blockchain infrastructure is no longer speculative. With DTCC tokenizing Treasuries on Canton later this year and institutions like HSBC and Apollo already in the ecosystem, the institutional adoption narrative now has both live volume and fresh capital to back it up.

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