Latest news with #CantonNetwork
Finextra
6 days ago
- Business
- Finextra
Canton Network connects to Nasdaq Calypso
Nasdaq (Nasdaq: NDAQ) today announced it has facilitated end-to-end margin and collateral workflows on the Canton Network, connecting the blockchain-based technology to Nasdaq Calypso. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. The use case was developed in partnership with QCP, Primrose Capital Management and Digital Asset, to demonstrate that the integration of on-chain capabilities alongside existing institutional workflows enhances collateral mobility across all asset classes for institutional market participants. Nasdaq Calypso is the leading technology platform used by financial institutions to seamlessly manage risk, margin, and collateral needs in an integrated environment. Its technology is uniquely positioned to serve the evolving demands of both traditional finance and emerging digital markets. Through the partnership on this use case, Nasdaq Calypso will expand its capabilities to support automated 24/7 margin and collateral management across a full spectrum of assets, including crypto derivatives, fixed income, exchange-traded derivatives, and over-the-counter derivatives. With this partnership, the companies are seeking to mature and scale the next generation of digital asset infrastructure. The use case represents a proof point that leveraging blockchain-based technology for collateral management allows financial institutions to meet the demands for real-time capital efficiency in an always-on financial ecosystem. It enables financial institutions to allocate capital more efficiently by mobilizing and redeploying previously locked up collateral across markets. Melvin Deng, CEO of QCP, said: 'Partnering with a global technology leader like Nasdaq is a testament to our commitment to building the next generation of institutional-grade market infrastructure. This isn't just a technological milestone, it's a paradigm shift for capital efficiency. Automating collateral management on-chain allows us to offer our clients enhanced security, better pricing, and the ability to deploy capital 24/7 across both traditional and digital assets. QCP played a pivotal role in shaping the product design and market integration and will support Nasdaq on developing a new suite of OTC spot and derivatives products, setting a new standard for what's possible in institutional digital assets.' Yuval Rooz, Co-Founder & CEO of Digital Asset, said: "This milestone with Nasdaq, QCP, and Primrose shows how Canton can meaningfully enhance institutional workflows. By automating margin and collateral processes on chain, firms gain real-time efficiency and control while maintaining data confidentiality through configurable privacy settings. It's a major step toward harmonizing traditional and digital markets on a trusted, interoperable infrastructure." Linus Ong, Chief Investment Officer, Primrose Capital Management, said: 'Primrose operates at the intersection of quantitative trading and digital asset innovation. This integration empowers our fund to align our portfolio management and real-time risk management with institutional-grade on-chain infrastructure. It brings the discipline of quant finance to a 24/7 digital market.' Enhancing trust in the infrastructure and networks that underpin the digital asset ecosystem will also be critical to the long-term development of the asset class. Magnus Haglind, Head of Marketplace Technology, Nasdaq, said: 'Capital market infrastructure and the emerging digital asset ecosystem are on the cusp of a generational shift as they converge with faster settlement and 24- hour trading, driving a new operational paradigm for market participants. Financial institutions need to improve real time risk management and mobilize collateral to optimize capital and liquidity deployment. We are excited to work with our clients to deliver improved capital efficiency through this innovative solution.' Through a comprehensive suite of digital asset products and services, Nasdaq is committed to supporting the evolution of the digital asset ecosystem by helping to drive resilience and integrity across the market. Nasdaq plans to advance its existing digital asset capabilities across its suite of capital market solutions, helping to drive institutional adoption of digital assets. Around the world, Nasdaq's technology is used by 97% of global systematically important banks, half of the world's top 25 stock exchanges, 35 central banks and regulatory authorities, and 3,800+ clients across the financial services industry. As a scaled platform partner, Nasdaq draws on deep industry experience, technology expertise, and cloud managed service experience to help financial services companies solve their toughest operational challenges while advancing industrywide modernization.
Yahoo
7 days ago
- Business
- Yahoo
What's Driving Goldman Sachs And Citadel Into Crypto? The $135M Digital Asset Funding Round Explained
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Digital Asset, the developer behind the Canton Network, has raised $135 million in a funding round backed by major Wall Street players including Goldman Sachs (NYSE:GS) and Citadel Securities, alongside leading crypto investors. The round, led by DRW Venture Capital and Tradeweb Markets, signals growing institutional confidence in blockchain solutions designed for traditional finance. The new capital will accelerate the onboarding of real-world assets onto the Canton Network, which Digital Asset describes as the first public, permissionless Layer-1 blockchain offering configurable privacy for institutional use. Trending: Your Crypto, Locked Down: Store Bitcoin, Ethereum, and more, with the Ledger Nano S Plus — . The network already supports a broad range of assets, including bonds, commodities, repos, mortgages, and alternative funds. Other participants in the round include BNP Paribas, Circle Ventures, The Depository Trust & Clearing Corporation (DTCC), IMC, Liberty City Ventures, Optiver, Paxos, Polychain Capital, QCP, Republic Digital, 7RIDGE and Virtu Financial. Goldman Sachs' Mathew McDermott said, "Our longstanding relationship with Digital Asset stems from a deep conviction in the strength of their technology, which continues to be foundational to the development and ongoing success of GS DAP." Don Wilson, CEO of DRW, emphasized the maturity of the market, stating, "We are at the inflection point of being able to use blockchain at scale in traditional markets."The funding is set to bolster Canton's position as a blockchain protocol tailored for regulated institutions, offering privacy controls that have long been a barrier to enterprise blockchain adoption. Digital Asset says Canton already has nearly 400 participants within its ecosystem, reflecting momentum among both traditional and decentralized finance players. Digital Asset CEO Yuval Rooz added, "This funding milestone validates the inevitability of what we envisioned years ago: a privacy-enabled public blockchain designed specifically for institutional adoption." The Canton Network enables asset synchronization across financial markets with an emphasis on real-time, private, and interoperable settlement, a feature that its backers see as a step toward modernizing financial infrastructure. Read Next: Grow your IRA or 401(k) with Crypto – unlock the power of alternative investments including a Crypto IRA within your retirement account. A must-have for all crypto enthusiasts: Sign up for the Gemini Credit Card today and earn rewards on Bitcoin Ether, or 60+ other tokens, with every purchase. Image: Shutterstock This article What's Driving Goldman Sachs And Citadel Into Crypto? The $135M Digital Asset Funding Round Explained originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
Yahoo
24-06-2025
- Business
- Yahoo
Digital Asset, Builder of Privacy-Focused Blockchain Canton, Raises $135M
Digital Asset, the builder of privacy-focused blockchain Canton Network, raised $135 million in a strategic funding round led by DRW Venture Capital and Tradeweb Markets, the companies said on Tuesday. The round also included a mix of big-name institutions from traditional finance and crypto, including BNP Paribas, Circle Ventures, Citadel Securities, IMC Trading, Depository Trust & Clearing Corporation (DTCC), Virtu Financial, Paxos and others. Privacy has been a key consideration for enterprise users of blockchains, particularly banks and big financial institutions, stretching back a decade or more. Digital Asset's Canton Network has kept configurable privacy at its forefront, courting companies including Goldman Sachs and BNY Mellon to test real word assets (RWAs) on the platform. 'Everybody can connect to Canton, but if I wanted to issue an asset on Canton, I can decide what are the privacy settings of that asset,' CEO Yuval Rooz said in an interview. 'So I can have an asset on Canton with no privacy. That would look like Ethereum. On the same network, I can have an asset with full privacy that you wouldn't even know exists. These can all coexist on the network, and I can even compose a transaction across these two types of asset.' The capital raise will expand the reach of RWAs onto Canton, which currently includes bonds, money market funds, alternative funds, commodities, repurchase agreements (repos), mortgages, life insurance and annuities. 'Today, major players from crypto and traditional finance have joined Digital Asset on its mission to catalyze the next evolution in markets,' said Don Wilson, the founder and CEO of DRW in a statement. 'With trillions of dollars' worth of real-world assets already leveraging the Canton Blockchain, this next round of funding creates significant momentum for the company, and cements Canton as the de facto protocol for global collateral mobility.' Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24-06-2025
- Business
- Yahoo
Digital Asset secures $135m to advance blockchain integration
Digital Asset, the firm behind the privacy-focused Canton Network, has raised $135m in a major fundraising round to accelerate blockchain adoption in global financial markets. DRW Venture Capital and Tradeweb Markets spearheaded the strategic raising, which drew a wide range of participants from the traditional financial and cryptocurrency industries. Among the investors are Circle Ventures, BNP Paribas, Citadel Securities, Goldman Sachs, DTCC, Paxos, Polychain Capital, QCP, and Virtu Financial. The funding will be used to scale the Canton Network, the only public, permissionless Layer-1 blockchain designed with configurable privacy and institutional-grade compliance. With nearly 400 organisations already active on the network, Canton is being positioned as the go-to infrastructure for tokenising and trading real-world assets (RWAs) such as bonds, commodities, repos, mortgages, and insurance products. Yuval Rooz, Co-Founder and CEO of Digital Asset stated: "This funding milestone validates the inevitability of what we envisioned years ago: a privacy-enabled public blockchain designed specifically for institutional adoption. Canton is already actively supporting numerous asset classes–from bonds to alternative funds–and this raise will accelerate onboarding even more real-world assets, finally making blockchain's transformative promise an institutional-scale reality." The Canton Network has seen rapid growth, underpinned by long-standing partnerships with major financial institutions. Many of the investors, such as DRW, Goldman Sachs, Tradeweb, and QCP, have already played significant roles in governance, infrastructure, or application development for the network through the Global Synchroniser Foundation. Don Wilson, founder and CEO of DRW, emphasised the importance of this funding as a catalyst for long-term market transformation: "Today, major players from crypto and traditional finance have joined Digital Asset on its mission to catalyse the next evolution in markets. Building on the work that we started a decade ago, we are at the inflection point of being able to use blockchain at scale in traditional markets. With trillions of dollars' worth of real-world assets already leveraging the Canton Blockchain, this next round of funding creates significant momentum for the company, and cements Canton as the de facto protocol for global collateral mobility." Billy Hult, CEO of Tradeweb, praised the practical utility of the platform: "Digital Asset and Canton are addressing real-world challenges in financial markets, not just theoretical concepts. The fact that such a wide range of asset classes are already integrated onto Canton is an important sign that this network is ready for mainstream finance. We are excited to support Digital Asset's vision. At Tradeweb, we see DLT and smart contracts as catalysts for reimagining and reshaping market structure, unlocking workflow efficiencies and accelerating the shift toward electronic markets." The raise reflects growing recognition that blockchain's potential in finance hinges on solving for privacy and regulatory compatibility, two areas where Canton's design offers a differentiated edge. Mathew McDermott, Global Head of Digital Assets at Goldman Sachs, noted: "Goldman Sachs remains committed to accelerating the adoption of digital assets and a blockchain-powered financial system. Our longstanding relationship with Digital Asset stems from a deep conviction in the strength of their technology, which continues to be foundational to the development and ongoing success of GS DAP®. We are pleased to participate in their latest funding round and to continue to support them as a critical player in the institutional digital asset ecosystem." Moreover, other backers echoed the network's role as a bridge between DeFi innovation and traditional finance. Melvin Deng, CEO of QCP, added: "We believe digital assets should be a core part of institutional finance, and at QCP, that's our mission. Canton is creating the kind of infrastructure that makes that possible - compliant, interoperable, and trusted. Our investment signals belief not only in the technology, but in the purpose behind it." As blockchain continues to shift from experimentation to implementation, Canton Network's trajectory signals a turning point for how capital markets may evolve. With fresh capital and a deepening pool of institutional collaborators, Digital Asset is betting big on making decentralised infrastructure an integral part of the global financial system. "Digital Asset secures $135m to advance blockchain integration" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Finextra
24-06-2025
- Business
- Finextra
Wall Street and crypto firms pump $135 million into Digital Asset
Major players from crypto and traditional finance have joined in a $135 million funding round in Digital Asset, the firm behind the Canton Network blockchain platform for tokenised assets. 0 Led by DRW Venture Capital and Tradeweb Markets, the round includes participation from major institutions in both traditional and decentralized finance, including BNP Paribas, Circle Ventures, Citadel Securities, The Depository Trust & Clearing Corporation (DTCC), Goldman Sachs, IMC, Liberty City Ventures, Optiver, Paxos, Polychain Capital, QCP, Republic Digital, 7RIDGE, and Virtu Financial. The raise deepens the relationship with several firms who already part of the Canton Network, including, BNP Paribas, DRW, Goldman Sachs, Liberty City Ventures, QCP, and Tradeweb, all of whom have played various roles in either the testing, governance, infrastructure, or app development on the Network since its inception. Canton has experienced rapid growth over the past year, with nearly 400 ecosystem participants and hundreds of billions of real-world assets on the Network, building upon a substantial deployment of diverse asset classes, including bonds, money market funds, alternative funds, commodities, repurchase agreements (repos), mortgages, life insurance, and annuities. Yuval Rooz, co-founder and CEO of Digital Asset, comments: 'This funding milestone validates the inevitability of what we envisioned years ago: a privacy-enabled public blockchain designed specifically for institutional adoption. Canton is already actively supporting numerous asset classes-from bonds to alternative funds - and this raise will accelerate onboarding even more real-world assets, finally making blockchain's transformative promise an institutional-scale reality.'
