Quick take:
- Built by Digital Asset Holdings, Canton is a privacy-focused blockchain for the tokenisation of real-world assets.
- The company plans to use the fresh capital to expand RWA support on Canton, which currently includes bonds, MMFs, commodities, repos, mortgages, life insurance and annuities.
- Last year, Canton Network tested out its tokenisation platform with the likes of Goldman Sachs and BNY Mellon.
Digital Asset Holdings, the company building Canton Network, a privacy-focused blockchain for the tokenisation of real-world assets, has raised $135 million in a strategic funding round led by DRW Venture Capital and Tradeweb Markets.
The fundraising effort also attracted participation from notable companies, including BNP Paribas, Circle Ventures, Citadel Securities, Digital Trust & Clearing Corporation (DTCC), Virtu Financial, Paxos and others.
The company plans to use the fresh capital to expand RWA support on Canton, which currently includes bonds, MMFs, commodities, repos, mortgages, life insurance and annuities.
The fundraising follows Canot Network’s RWA tokenisation testing last year, which included notable global financial powerhouses Goldman Sachs and BNY Mellon.
According to Canton CEO Yuval Rooz, Canton allows users to choose the privacy settings of the assets they wish to issue. “So I can have an asset on Canton with no privacy. That would look like Ethereum. On the same network, I can have an asset with full privacy that you wouldn’t even know exists. These can all coexist on the network, and I can even compose a transaction across these two types of assets,” Rooz reportedly said in an Interview.
Don Wilson, the founder and CEO of DRW, in a statement, said. “Today, major players from crypto and traditional finance have joined Digital Asset on its mission to catalyse the next evolution in 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 and cements Canton as the de facto protocol for global collateral mobility.”
The real-world asset tokenisation sector has been one of the fastest-growing segments of the crypto markets, growing to $24.3 billion from about $10 billion over the past 14 months.
According to RWA tokenisation tracking platform RWA.xyz, private credit accounts for a majority of on-chain RWA tokenised assets with $14.2 billion, while U.S. treasuries account for $7.4 billion, and commodities now have $1.6 billion.
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