On June 24, the privacy blockchain network Canton Network developer Digital Asset completed a $135 million financing round, led by DRW Venture Capital and Tradeweb Markets, with participation from BNP Paribas, Circle Ventures, Citadel Securities, Depository Trust & Clearing Corporation (DTCC), Virtu Financial, Paxos, and others.
The Canton Network, launched by Digital Asset, features "configurable privacy" as one of its core functions and has attracted institutions including Goldman Sachs and Bank of New York Mellon to test real-world assets (RWA) on the platform. The types of real-world assets involved in Canton Network include bonds, money market funds, alternative funds, commodities, repurchase agreements, mortgages, life insurance, and annuity products.
