Home / Business and Economy / Wall Street Giants Fund Blockchain Firm Digital Asset
Wall Street Giants Fund Blockchain Firm Digital Asset
5 Dec
Summary
- Digital Asset secured investments from BNY, Nasdaq, S&P Global, and iCapital.
- Canton Network enables trading of tokenized real-world assets on a shared ledger.
- Over 600 institutions participate in Canton Network with $6 trillion assets onchain.
Digital Asset, the creator of the Canton Network, announced significant strategic investments from leading financial institutions including BNY, Nasdaq, S&P Global, and iCapital. These investments highlight increasing adoption of blockchain technology tailored for regulated financial markets by traditional finance players.
The Canton Network is engineered to facilitate the issuance and trading of tokenized real-world assets, such as bonds and loans, on a unified ledger. It blends the decentralization benefits of public blockchains with the stringent security and privacy required by established financial systems.
With $6 trillion in assets currently on its chain and participation from over 600 institutions, the Canton Network demonstrates substantial traction. This recent funding round follows a $135 million investment in June, further solidifying support for Digital Asset's innovative approach to integrating blockchain into the institutional financial landscape.
