🔥@CantonNetwork Fundraising $355M: RWA continues to be the story attracting money into crypto

📌Digital Asset, the company behind Canton Network, just raised $355M in a funding round led by a16z crypto. Participating are HSBC, BNP Paribas, ABN Amro, SBI Group, SoFi, Apollo, ADIA, Tradeweb, Broadridge, CME Ventures, S&P Global, Coinbase Ventures, Polychain, Citadel Securities, and Optiver.
📌Looking at the list of investors, Canton is bringing traditional finance giants into crypto: banks, funds, exchanges, market makers, custodians, and crypto VCs.
📌Canton, unlike current Layer 1s that still sell the dream of decentralization, Digital Asset says Canton currently has over 700 ecosystem members, aiming to bring assets, applications, and workflows managed on-chain.
📌The biggest piece is DTCC. By the end of 2025, DTCC and Digital Asset will announce a partnership to tokenize a portion of US Treasury bonds held at DTC on Canton Network. The plan is to run an MVP in a controlled production environment in the first half of 2026, then scale according to customer demand.
📌Broadridge has deployed the Distributed Ledger Repo - DLR platform on Canton, handling an average of $280B repo volume daily. This is why Broadridge plays a major role in the minting/burning activities of the $CC token—linked to the network usage level of Canton.
📌It’s undeniable that Canton has product-market fit in institutional financial infrastructure. If DTCC deploys aggressively, it could transform Canton from a repo-serving network into the tokenization infrastructure layer of the US capital markets.
📌In the upcoming season, if nothing changes, RWA will still be the big trend.