Digital Asset has raised $355mn in a funding round led by a16z crypto to expand its Canton Network, positioning it as core infrastructure for bringing traditional capital markets onchain.
Canton Network Raises $355mn to Expand Institutional Tokenization Infrastructure
11 June 2026 - 15:22 CEST
By Stu Clelland
The round drew an unusually wide group of investors, including major banks such as BNP Paribas and HSBC, market infrastructure players including CME Ventures, Broadridge, Tradeweb and S&P Global, as well as crypto-native funds such as Coinbase Ventures and Polychain. Apollo Funds and Citadel Securities also participated, the company said in a statement issued on 11 Jun.
Canton’s role in institutional tokenization
Canton is a public, permissioned blockchain built specifically for regulated financial institutions. It allows participants to share infrastructure for tokenization, collateral mobility, settlement and payments while maintaining privacy and compliance controls. The network already has more than 700 ecosystem participants using it for live institutional workflows.
Digital Asset, the company that built and operates the Canton Network, said the funding will support the next phase of growth. Co-Founder and CEO Yuval Rooz said blockchain adoption will be defined by practical, production-grade applications in the world’s largest markets, noting "Canton was purpose-built for this."
Funding to accelerate adoption
The investment comes as traditional financial institutions increasingly explore blockchain for tokenization and post-trade processes but remain cautious due to concerns around privacy, interoperability and regulatory compliance. Canton was designed to address these specific issues by combining shared infrastructure with institutional-grade controls.
The company said the proceeds will be used to expand Canton’s capabilities, deepen engagement with financial institutions and developers, and support further growth of the network. It also marks a closer partnership with a16z crypto, which will contribute expertise in company building, policy and research.
