Wall Street Giants, Sovereign Wealth Fund Back Canton Network Creator in $355M Round
Digital Asset raised $355 million in new funding for the Canton Network, with Abu Dhabi Investment Authority participating through a subsidiary. The round was led by a16z crypto and included major financial firms such as Citadel Securities, CME Ventures, S&P Global, BNP Paribas, HSBC, ABN Amro, William Blair, Hanwha Investment & Securities, and Coinbase Ventures. The broad investor base reflects Canton’s strategy of bringing financial institutions on-chain through a “network of networks” that preserves institutional control, privacy, and compliance. The company says Canton is gaining traction for real-world asset use cases, including bonds, equities, and commodities, and now has more than 700 ecosystem participants. Digital Asset said the capital will support network growth and deepen developer engagement. The token was trading around 16 cents, up 12.3% over the week.
