Digital Asset raised $135M from Goldman Sachs, Citadel, and others to expand Canton Network and drive real-world asset tokenization in finance.
Digital Asset, an institutional blockchain infrastructure provider, raised $135 million from investors such as Citadel and Goldman Sachs.
In a strategic funding round led by DRW Venture Capital and Tradeweb Markets, Digital Asset raised $135 million, according to a Tuesday announcement. The Depository Trust & Clearing Corporation, Goldman Sachs, Citadel Securities, and BNP Paribas were among the financial heavyweights that participated. Circle Ventures, Paxos, and Polychain Capital were among the backers with an emphasis on cryptocurrency.
According to Digital Asset, the money is meant to hasten the Canton Network’s adoption of institutional and decentralized financing.
The permissionless layer-1 blockchain Canton Network provides institutional-grade compliance and customizable privacy. Digital Asset intends to use the additional funding to further integrate “billions” of real-world assets (RWAs) into the network.
The institutional implementation of Canton Network
In May 2023, Digital Asset and a consortium of companies, including Deloitte, Microsoft, and Goldman Sachs, unveiled the Canton Network. The Depository Trust & Clearing Corporation (DTCC) and Digital Asset finished their US Treasury Collateral Network pilot project on the Canton Network in September 2024.
Early in October 2024, Digital Asset finished a significant pilot project with the World Gold Council, international legal firm Clifford Chance, and clearing and settlement service Euroclear. Gold and bonds, known as Eurobonds and gilts, were tokenized on the Canton Network as part of this endeavor.
In tokenized assets, fund registry, digital cash, repo, securities lending, and margin management, institutional investors used distributed ledger technology to carry out more than 350 simulated transactions on the Canton Network as of mid-March 2024. Fifteen asset managers, thirteen banks, four custodians, three exchanges, and Paxos were all involved in the tests. Digital Asset’s CEO and co-founder, Yuval Rooz, stated:
“Canton is already actively supporting numerous asset classes—from bonds to alternative funds—and this raise will accelerate onboarding even more real-world assets, finally making blockchain’s transformative promise an institutional-scale reality.”
The rise of real-world digital assets is rapid.
As regulations became clearer, RWAs increased in the first half of 2025. In the first half of 2025, the RWA market grew by more than 260%, reaching a valuation of $23 billion.
The RWA sector is experiencing rapid growth. Through a new collaboration with tokenization company Backed, cryptocurrency payment platform Alchemy Pay entered RWAs earlier this month, granting access to tokenized US investment products.
Last month, US investment management firm Guggenheim partnered with Ripple to expand its digital commercial paper business. Consequently, the XRP Ledger will offer the company’s fixed-income product.
