Canton Network Creator Digital Asset Raises $355M in Funding Round
Digital Asset, the creator of the Canton Network, has secured $355 million in a funding round led by Andreessen Horowitz, with participation from a range of global investors including the Abu Dhabi Investment Authority, as reported by Decrypt. The funding aims to expand the network's capabilities in integrating traditional assets onto blockchain platforms.
Digital Asset, which developed the Canton Network designed for financial institutions, recently announced the closing of a $355 million funding round. This round was led by Andreessen Horowitz’s crypto arm, a16z crypto, and included a variety of notable participants such as Citadel Securities, CME Ventures, and S&P Global, as well as the Abu Dhabi Investment Authority through a subsidiary.
The Canton Network operates as a "network of networks," aiming to facilitate the on-chain integration of traditional assets like bonds, equities, and commodities. Since its public debut nearly two years ago, the network has attracted a wide range of support from investment banks and financial services firms across multiple countries, including William Blair from the United States, Hanwha Investment & Securities from South Korea, and BNP Paribas from the Netherlands.
This substantial investment reflects a growing global interest in utilizing blockchain technology for transaction facilitation involving real-world assets (RWAs) and underscores the network's vision to provide financial institutions with a comprehensive and controlled infrastructure. Participants retaining autonomy while connecting to a wider ecosystem is a pivotal feature of this architecture.
"Blockchain adoption will be defined by practical, production-grade applications in the world’s largest markets," stated Digital Asset CEO Yuval Rooz. "For capital markets to move on-chain, institutions need infrastructure that reflects how they actually operate." This perspective on blockchain usage emphasizes the need for adoption strategies that align closely with existing financial structures and workflows.
Following the funding announcement, the price of Canton’s native token increased to about 16 cents, marking a 12.3% rise over the past week. The digital asset previously reached its all-time high of 19 cents in February. The new funds position Digital Asset to better cater to the rising demands for blockchain integration in capital markets.
Summary based on original reporting by André Beganski at Decrypt, originally published Jun 11, 2026. SolanaWire does not republish source content.
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