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Yahoo
12 hours ago
- Business
- Yahoo
What's Driving Goldman Sachs And Citadel Into Crypto? The $135M Digital Asset Funding Round Explained
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Digital Asset, the developer behind the Canton Network, has raised $135 million in a funding round backed by major Wall Street players including Goldman Sachs (NYSE:GS) and Citadel Securities, alongside leading crypto investors. The round, led by DRW Venture Capital and Tradeweb Markets, signals growing institutional confidence in blockchain solutions designed for traditional finance. The new capital will accelerate the onboarding of real-world assets onto the Canton Network, which Digital Asset describes as the first public, permissionless Layer-1 blockchain offering configurable privacy for institutional use. Trending: Your Crypto, Locked Down: Store Bitcoin, Ethereum, and more, with the Ledger Nano S Plus — . The network already supports a broad range of assets, including bonds, commodities, repos, mortgages, and alternative funds. Other participants in the round include BNP Paribas, Circle Ventures, The Depository Trust & Clearing Corporation (DTCC), IMC, Liberty City Ventures, Optiver, Paxos, Polychain Capital, QCP, Republic Digital, 7RIDGE and Virtu Financial. Goldman Sachs' Mathew McDermott said, "Our longstanding relationship with Digital Asset stems from a deep conviction in the strength of their technology, which continues to be foundational to the development and ongoing success of GS DAP." Don Wilson, CEO of DRW, emphasized the maturity of the market, stating, "We are at the inflection point of being able to use blockchain at scale in traditional markets."The funding is set to bolster Canton's position as a blockchain protocol tailored for regulated institutions, offering privacy controls that have long been a barrier to enterprise blockchain adoption. Digital Asset says Canton already has nearly 400 participants within its ecosystem, reflecting momentum among both traditional and decentralized finance players. Digital Asset CEO Yuval Rooz added, "This funding milestone validates the inevitability of what we envisioned years ago: a privacy-enabled public blockchain designed specifically for institutional adoption." The Canton Network enables asset synchronization across financial markets with an emphasis on real-time, private, and interoperable settlement, a feature that its backers see as a step toward modernizing financial infrastructure. Read Next: Grow your IRA or 401(k) with Crypto – unlock the power of alternative investments including a Crypto IRA within your retirement account. A must-have for all crypto enthusiasts: Sign up for the Gemini Credit Card today and earn rewards on Bitcoin Ether, or 60+ other tokens, with every purchase. Image: Shutterstock This article What's Driving Goldman Sachs And Citadel Into Crypto? The $135M Digital Asset Funding Round Explained originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
Yahoo
2 days ago
- Business
- Yahoo
Digital Asset, Builder of Privacy-Focused Blockchain Canton, Raises $135M
Digital Asset, the builder of privacy-focused blockchain Canton Network, raised $135 million in a strategic funding round led by DRW Venture Capital and Tradeweb Markets, the companies said on Tuesday. The round also included a mix of big-name institutions from traditional finance and crypto, including BNP Paribas, Circle Ventures, Citadel Securities, IMC Trading, Depository Trust & Clearing Corporation (DTCC), Virtu Financial, Paxos and others. Privacy has been a key consideration for enterprise users of blockchains, particularly banks and big financial institutions, stretching back a decade or more. Digital Asset's Canton Network has kept configurable privacy at its forefront, courting companies including Goldman Sachs and BNY Mellon to test real word assets (RWAs) on the platform. 'Everybody can connect to Canton, but if I wanted to issue an asset on Canton, I can decide what are the privacy settings of that asset,' CEO Yuval Rooz said in an interview. '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 asset.' The capital raise will expand the reach of RWAs onto Canton, which currently includes bonds, money market funds, alternative funds, commodities, repurchase agreements (repos), mortgages, life insurance and annuities. 'Today, major players from crypto and traditional finance have joined Digital Asset on its mission to catalyze the next evolution in markets,' said Don Wilson, the founder and CEO of DRW in a statement. '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.' Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
