Canton Network raises $135 million in funding to expand RWAs coverage

PANews reported on June 24 that Digital Asset, the developer of the privacy blockchain Canton Network, announced the completion of a $135 million strategic financing, led by DRW Venture Capital and Tradeweb Markets, with participation including BNP Paribas, Circle Ventures, Citadel Securities, DTCC, Virtu Financial, Paxos and other well-known companies in the field of traditional finance and crypto.

With configurable privacy at its core, Canton Network has attracted several companies, including Goldman Sachs and Bank of New York Mellon, to test RWAs on its platform. The financing will enable Canton Network to further expand its RWAs offering, which now includes asset classes such as bonds, money market funds, alternative funds, commodities, repurchase agreements, mortgages, life insurance and annuities.

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