Investment Reinforces Institutional Support for Blockchain Infrastructure
Digital Asset has secured $50 million in funding from major firms like Nasdaq and S&P Global to bolster the Canton Network, reinforcing its blockchain infrastructure for financial transactions.
This investment underscores significant backing for blockchain technology in institutional finance, highlighting growing interest in secure and regulated digital asset transactions across global markets.
Digital Asset's $50 Million Investment Boosts Blockchain in Finance
Digital Asset secured a $50 million financing, strengthening the Canton Network as a leading blockchain infrastructure for asset tokenization. Prior backing from giants like BNY Mellon and Nasdaq solidifies its relevance in regulated markets. Yuval Rooz, CEO of Digital Asset, emphasized that the investment signifies confidence in blockchain tailored for compliance.
This investment broadens Canton’s ability to support large-scale tokenized financial transactions with enhanced privacy and compliance. Institutional participants now have a robust blockchain option for multiple asset classes, influencing future financial market infrastructures.
"The financial institutions recognize the need for blockchain infrastructure purpose-built for regulated markets," said Yuval Rooz, CEO of Digital Asset.
Canton Network: Driving Large-Scale Tokenization in Regulated Markets
The Canton Network participants include over 600 institutions, placing more than $6 trillion of assets on-chain, a footprint rivaling initial blockchain adoption phases in major public chains like Ethereum.
The Coincu research team suggests that the increased blockchain investment may accelerate financial integration of digital solutions with regulatory frameworks. Growth in tokenization platforms like Canton Network supports improved transparency and execution speed, addressing historical inefficiencies in securities markets.