Digital Asset, the company developing the Canton Network, has recently raised $135 million from heavyweights on Wall Street. That funding round, led by Goldman Sachs and Citadel Securities, is intended to help Canton defend its market-leading position. The Canton Network is a new blockchain protocol designed specifically for regulated institutions.

Like all of their funding rounds, this round had multiple strategic and financial investors, totaling 15 investors. BNP Paribas, Circle Ventures, and The Depository Trust & Clearing Corporation (DTCC) were just a few of the major players involved. Others were IMC, Liberty City Ventures, Optiver, Paxos, Polychain Capital, QCP, Republic Digital, 7RIDGE and Virtu Financial.

The Canton Network offers privacy controls. These privacy controls have historically been a significant anchor to enterprise blockchain adoption.

"Our longstanding relationship with Digital Asset stems from a deep conviction in the strength of their technology, which continues to be foundational to the development and ongoing success of GS DAP." - Mathew McDermott, Goldman Sachs

Don Wilson, CEO of DRW Don also added that the maturity of the market is necessary for a broad adoption of blockchain. He said the time was ripe to deploy blockchain at scale across traditional markets.

"We are at the inflection point of being able to use blockchain at scale in traditional markets." - Don Wilson, CEO of DRW

If awarded, the funding would allow the community to continue developing the Canton Network. The Canton Network is purpose-built for regulated institutions to provide the security, privacy and control required for market adoption at scale. About Digital Asset Digital Asset created the Canton Network to meet the distinct requirements of financial institutions.