Canton Network, developed by Digital Asset, is gearing up for its launch following a successful $135 million funding round. The network aims to revolutionize institutional financial operations by enabling them to transition onto its blockchain. Canton Network has already facilitated the issuance of over $12 billion in regulated assets, including bonds, money market funds, and commodities, and supports cross-border payments and settlements. Co-founded by Yuval Rooz, a former member of the CFTC's Global Markets Advisory Committee, Canton Network is backed by major institutions such as Goldman Sachs, Microsoft, and Nasdaq. The network targets institutional clients, offering a public blockchain with regulatory-grade privacy, distinguishing itself from competitors like Ondo, which focuses on individual investors accessing institutional-grade assets.
Canton Network Prepares for Launch with $135 Million Funding
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