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Canton Network Creator Snags Strategic Investment from Wall Street Giants
Source: CryptoNewsNet Original Title: Canton Network Creator Snags Strategic Investment from Wall Street Giants Original Link: Digital Asset, the blockchain firm behind the Canton Network (CC), said Thursday that it has secured strategic investments from four major traditional financial players, as Wall Street’s crypto embrace continues.
The investors in this round were BNY, a financial services firm overseeing $57 trillion in client assets, exchange operator Nasdaq, financial intelligence firm S&P Global and iCapital, a fintech firm backed by BlackRock, Blackstone and JP Morgan. The company did not disclose the size of the investment in the press release.
The investment underscores the growing support of legacy financial firms for blockchain infrastructure built specifically for regulated markets. The Canton Network was designed to enable institutions to issue and trade tokenized real-world assets, such as bonds, loans, and funds, on a shared ledger while maintaining privacy and compliance with legal requirements. It combines features of public blockchains, such as decentralization, with the safeguards required by traditional finance.