Canton Network developer Digital Asset raises $355 million to bring capital markets onchain

Canton Network developer raises $355 million to bring Wall Street onchain

The investment comes as blockchains designed for big banks and institutions are having a moment, with Stripe's Tempo and Circle's Arc raising hundreds of millions of dollars.

By Krisztian Sandor | Edited by Sheldon Reback

Updated Jun 11, 2026, 2:17 p.m. Published Jun 11, 2026, 1:50 p.m.

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Digital Asset co-founder and CEO Yuval Rooz (Digital Asset)

Digital Asset, the developer of the Canton Network blockchain, said it raised $355 million in a funding round led by a16z crypto.

Global institutions including ABN Amro, Apollo Funds, BNP Paribas, Citadel Securities, HSBC, SBI Group and the Abu Dhabi Investment Authority joined the round.

The funding underscores the growing interest from traditional finance in blockchain infrastructure tailored to regulated markets and institutions.

Digital Asset, the development firm behind the Canton Network (CC) blockchain used by major banks and trading firms, said Thursday it closed a $355 million fundraising round to back its efforts to bring capital markets onchain.

The investment was led by a16z, with the participation of global institutions including ABN Amro, Apollo Funds, BNP Paribas, Citadel Securities, HSBC, SBI Group and the Abu Dhabi Investment Authority through a subsidiary.

The amount raised beat the target of $300 million at a $2 billion valuation that was reported last month.

The investment comes as traditional financial firms increasingly back blockchain infrastructure built specifically for regulated markets. Tempo , the payments chain developed by Stripe and Paradigm, reportedly raised $500 million last year at a $5 billion valuation. Circle Internet (CRCL), the stablecoin issuer behind USDC, raised $222 million for its Arc blockchain at a $3 billion valuation, drawing backing from BlackRock, Apollo Funds, a16z crypto and ARK Invest.

The Canton Network was designed for big financial institutions to issue and trade tokenized real-world assets, such as bonds, loans and funds, on a shared ledger while maintaining privacy and compliance with legal requirements. It combines features of public blockchains, such as decentralization, with the safeguards required by traditional finance.

"For capital markets to move onchain, institutions need infrastructure that reflects how they actually operate – with privacy, compliance, scale, and interoperability built in from the start," Digital Asset co-founder and CEO Yuval Rooz said.

The firm said a16z crypto will also provide expertise in development, policy and research beyond the financial backing.

"One of the most compelling blockchain opportunities is no longer theoretical; it is emerging as real-world assets and institutional workflows move onchain," Ali Yahya, general partner at a16z crypto, said in a statement. "Digital Asset has built one of the clearest examples of blockchain product-market fit in regulated finance."

Read more: Why big banks are snubbing open ledgers to build their own private blockchains

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