The company did not disclose the funding amount on Thursday (Dec. 4). press release announcing the investment.
The news follows the company’s June announcement that it had raised $135 million in a financing cycle promote the adoption of its Cantonal network blockchain. This cycle was led by DRW Venture Capital And Commercial Web Marketplaceswith the participation of Goldman Sachswho helped Digital Asset launch blockchain.
The Canton Network is a public, permissionless blockchain designed for institutional finance, according to the release.
The network supports use cases such as bonds, stocks, money market funds, alternative investment funds, commodities, pensions, mortgages, life insurance and annuities, the release said. It has over $6 trillion in on-chain assets and over 600 institutions. In traditional and decentralized finance participant through its ecosystem.
“Institutions across the financial ecosystem recognize the need for blockchain infrastructure purpose-built for regulated markets,” CEO of Digital Asset. Yuval Rooz said in Thursday’s statement. “The addition of BNY, iCapital, S&P Global and Nasdaq marks another step in the evolution of digital assets and Canton. Their participation reinforces the inevitability of interoperable, privacy-friendly markets operating on a global scale.”
Advertisement: Scroll to continue
Brian Ruane, head of global compensation, credit services And business trust at BNY, said investment in digital assets reflects the need for financial infrastructure that supports the move capital markets towards a real-time, always-on operating model.
“This investment reflects our commitment to reimagining a faster, more efficient future for financial market infrastructure,” Ruane said in the release.
Laurent CalcanoChairman and CEO of iCapital, said in the release: “By combining our private markets expertise and proven technology with Canton’s blockchain platform, we are establishing the foundation for the tokenization of alternatives, driving efficiency, transparency and broader access to the entire investment ecosystem.
Tal CohenChairman of Nasdaq, said this investment allows Nasdaq to accelerate the adoption of token solutions in global capital markets.
“By combining Nasdaq’s markets and infrastructure expertise with Digital Asset’s technology, we can help our clients unlock new efficiencies, better manage risk, and confidently participate in the evolving digital asset ecosystem,” Cohen said in the release.
Swati Sawjianyglobal head of corporate strategy, M&A and investments at S&P Global, said in the release that S&P Global sees an opportunity to “collaborate with Canton and network participants to improve transparency, integrity and understanding of digital markets.”
