Canton Network Creator Snags Strategic Investment from Wall Street Giants

Core Insights - Digital Asset, the blockchain firm behind the Canton Network, has secured strategic investments from four major traditional financial players, indicating Wall Street's increasing acceptance of cryptocurrency [1][2] Investment Details - The investors include BNY, Nasdaq, S&P Global, and iCapital, with BNY managing $57 trillion in client assets; the size of the investment was not disclosed [2] - This investment follows a previous funding round in June where Digital Asset raised $135 million from firms like BNP Paribas, TradeWeb, Goldman Sachs, DRW, and Citadel Securities [4] Blockchain Infrastructure - The investment highlights the growing support from legacy financial firms for blockchain infrastructure tailored for regulated markets [3] - The Canton Network allows institutions to issue and trade tokenized real-world assets, such as bonds and loans, on a shared ledger while ensuring privacy and compliance [3] Ecosystem Participation - Canton Network currently has $6 trillion of assets on-chain and over 600 institutions participating in its ecosystem [5]