Embargo: 9.30 AM BST on 24 June
The Digital Asset, the Privacy Builder Developing the Blockchain Canton Network, raises $ 135 million in a strategic funding of funds chaired by DRW Venture Capital and Tradeweb Markets, companies said Tuesday.
The cycle also includes a mix of large name institutions from traditional finances and crypto, including BNP Paribas, Circle Ventures, Citadel Securities, Depository Trust & Clearing Corporation (DTCC), Virtu Financial, Paxos and others.
Privacy has become a major consideration for blockchain business users, especially banks and large financial institutions, expanding over a decade or so. Digital Asset’s Canton Network continues to configure privacy ahead of it, courting companies including Goldman Sachs and BNY Mellon to test Real Word Assets (RWW) on the platform.
“Everyone can connect to Canton, but if I want to issue an asset to Canton, I can decide what the privacy settings of that possession are,” CEO Yuval Rooz said in an interview. “So I can have a Canton owner without privacy. That will look like Ethereum. In the same network, I can have a owner with full privacy that you don’t know exists. It can all come together in the network, and I can also write a transaction throughout these two types of possession.”
The capital increase will expand the RWWA’s reach to Canton, which currently includes bonds, money market funds, alternative funds, goods, re -purchase of agreements (repos), mortgage, life insurance and annuities.
“Today, major players from Crypto and Traditional Finance have joined the digital asset in its mission to captalyze the next evolution in the markets,” said Don Wilson, the founder and CEO of the DRW in a statement. “With the trillion value of dollar amounts of real-world assets using the Canton Blockchain, the next round of funds creates significant momentum for the company, and cement Canton as the de facto protocol for global mobility.”
