Canton Network developer raises $355 million to bring Wall Street onchain

FinanceShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailCanton Network developer raises $355 million to bring Wall Street onchainThe investment comes as blockchains designed for big banks and institutions are having a moment, with Stripe's Tempo and Circle's Arc raising hundreds of millions of dollars. By Krisztian Sandor|Edited by Sheldon Reback Jun 11, 2026, 1:50 p.m. 2 min readMake preferred on What to know: Digital Asset, the developer of the Canton Network blockchain, said it raised $355 million in a funding round led by a16z crypto.Global institutions including ABN Amro, Apollo Funds, BNP Paribas, Citadel Securities, HSBC, SBI Group and the Abu Dhabi Investment Authority joined the round.The funding underscores the growing interest from traditional finance in blockchain infrastructure tailored to regulated markets and institutions.Digital Asset, the development firm behind the Canton Network (CC) blockchain used by major banks and trading firms, said Thursday it closed a $355 million fundraising round to back its efforts to bring capital markets onchain.The investment was led by a16z, with the participation of global institutions including ABN Amro, Apollo Funds, BNP Paribas, Citadel Securities, HSBC, SBI Group and the Abu Dhabi Investment Authority through a subsidiary.The amount raised beat the target of $300 million at a $2 billion valuation that was reported last month.The investment comes as traditional financial firms increasingly back blockchain infrastructure built specifically for regulated markets. Tempo, the payments chain developed by Stripe and Paradigm, reportedly raised $500 million last year at a $5 billion valuation. Circle Internet (CRCL), the stablecoin issuer behind USDC, raised $222 million for its Arc blockchain at a $3 billion valuation, drawing backing from BlackRock, Apollo Funds, a16z crypto and ARK Invest.The Canton Network was designed for big financial institutions to issue and trade tokenized real-world ass…

Canton Network developer raises $355 million to bring Wall Street onchain

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