Digital Asset, a New York and Sydney based company founded in 2014, has raised a stunning $135 million. This funding will greatly accelerate its Canton Network adoption. The Canton Network, a new open-source technology, connects the best of both worlds by bridging traditional and decentralized finance. This funding helps accelerate the onboarding of real world assets onto the Canton Network. The network already underlies trillions of dollars’ worth of assets, from real estate to securities on its current open network.

The Canton Network, known for its unique approach to blockchain privacy, allows institutions to tailor privacy settings to meet specific regulatory and business needs. The network is governed by the Global Synchronizer Foundation, a proud sovereign network of almost 400 ecosystem participants. It presents a deep collection of asset classes including bonds and alternative funds. Canton has previously instantiated hundreds of billions in real-world assets. Within there are bonds, money market funds, commodities as well as mortgages.

Funding to Accelerate Blockchain Adoption

The $135 million in funding will be instrumental in helping to scale the Canton Network. This investment will enable a greater number of institutions to put their real-world assets onto the blockchain. This effort goes hand in hand with their administration’s work to improve processes and increase transparency. It’ll drive more efficiency across centralized and decentralized financial markets. The funding will contribute to continued development and growth of the Canton Network’s capabilities.

"This funding milestone validates the inevitability of what we envisioned years ago: a privacy-enabled public blockchain designed specifically for institutional adoption," - Yuval Rooz, co-founder and CEO of Digital Asset

Canton's Privacy-Focused Approach

One of the main things that sets the Canton Network apart is its prioritization of privacy. Unlike most other blockchain platforms, Canton gives institutions the flexibility to configure privacy settings to match their unique regulatory and business needs. This feature is key to driving adoption from traditional financial institutions. While it is true that such institutions usually operate under rigorous data protection and confidentiality mandates.

This pragmatic, third-way approach to privacy allows patients to keep sensitive information in their personal medical records while still realizing the transformative potential of blockchain technology. Canton Network provides institutions more control and security over their blockchain solutions. In so doing, it removes one of the biggest barriers that prevent many of these organizations from adopting it.

Industry Impact and Future Outlook

The successful funding round for the Canton Network is a watershed moment in the financial industry. Its rapid uptake is a testament to how pronounced this transformative change is. Every day more institutions are waking up to the transformative capabilities of blockchain technology. Platforms such as Canton have been prepared to assume a foundational role in creating the future of finance. The tokenization of real-world assets onto the blockchain will unlock not only new accessibilities but efficiencies across the expansive financial landscape.

"We are at the inflection point of being able to use blockchain at scale in traditional markets. With trillions of dollars' worth of real-world assets already leveraging the Canton Blockchain, this next round of funding creates significant momentum for the company." - Don Wilson, founder and CEO of DRW