Goldman Sachs, Citadel Lead $135 Million Funding in Digital Asset
Digital Asset, a regulated player in the cryptocurrency arena, has successfully raised $135 million in a recent funding round. This round was spearheaded by major financial entities including Goldman Sachs, BNP Paribas, and Ken Griffin’s Citadel Securities, alongside co-leads DRW and Tradeweb.
Bridging Traditional Finance with Blockchain Innovation
The fresh capital injection comes as traditional financial institutions deepen their involvement in the crypto space—a sector once clouded by concerns over fraud and illicit use. Over time, digital assets have gained legitimacy, reflected by the growing embrace from global banking powerhouses.
With substantial support from these industry giants, Digital Asset aims to bolster adoption of its flagship offering, the Canton Network. Initially developed in-house but now open-source, Canton is a public blockchain tailored to meet the stringent regulatory and privacy needs of financial institutions.
Advancing Institutional Use of Tokenized Assets
The Canton Network facilitates secure and compliant movement of assets and data among banks and trading firms. It empowers users to tokenize a variety of traditional financial instruments, including bonds, commodities, and money market funds.
"With growing participation from global financial institutions and market participants, we expect this funding round to help us solidify our role as the backbone of digital finance," remarked Yuval Rooz, CEO and co-founder of Digital Asset.
Rooz further highlighted that this capital will expedite onboarding of high-quality assets onto Canton, strengthening blockchain’s transformative impact at an institutional scale. The network already supports trillions of dollars in tokenized assets.
Positioning Amidst Crypto Industry Leaders
Founded in 2014 by trader-turned-entrepreneur Rooz, Digital Asset competes with prominent blockchain firms such as Ripple, R3, and Consensys. Its clientele includes major Wall Street players, underscoring its significant role in merging established finance with emerging blockchain technology.
The Broader Shift in Finance
This development underscores a critical shift—crypto and blockchain technologies are increasingly embraced by well-established financial institutions. The integration validates the potential of blockchain to revolutionize how assets are managed and traded across the globe, pushing the industry closer to widespread institutional adoption.
