Latest news with #YuvalRooz
Yahoo
03-07-2025
- Business
- Yahoo
YZi Labs Invests with DRW, Tradeweb, Goldman Sachs, DTCC, Citadel in Digital Asset's Latest Round
Main takeaways YZi Labs joins leading financial institutions like DRW, Tradeweb, Goldman Sachs, Citadel Securities, DTCC in Digital Asset's $135M Series E round, signaling its support of institutional adoption around compliant blockchain infrastructure. The investment will fuel the growth of the Canton Network, the only public L1 with configurable privacy, enabling regulated institutions to securely bring trillions in real-world assets on-chain. ABU DHABI, United Arab Emirates, July 3, 2025 /PRNewswire/ -- YZi Labs today announced its investment in Digital Asset, a platform for enterprise-grade tools to build compliant solutions for regulated markets. This investment builds on Digital Asset's $135M Series E fundraising round announced on June 24, which included participation from major financial institutions such as DRW, Tradeweb, DTCC, Citadel Securities, and Goldman Sachs. By joining this round, YZi Labs reinforces its commitment to advancing institutional adoption through infrastructure that meets the regulatory and operational needs of mature markets like the U.S. Digital Asset is the creator of the Canton Network, the only public L1 network built from the ground up with configurable on-chain privacy. As of June 2025, Canton has supported tokenized real-world assets with a total value locked (TVL) of trillions of dollars, including over $1.5 trillion in monthly tokenized U.S. Treasury repo activity. The network has seen notable growth over the past year with nearly 400 participants across its ecosystem, including global leaders in both traditional and decentralized finance. The blockchain space has long lacked a solution that allows regulated financial institutions to operate on-chain without compromising privacy, control, or compliance. Traditional public blockchains are too transparent for sensitive financial data, while private chains lack interoperability and scalability. By allowing institutions to tailor privacy settings to their specific needs, Canton overcomes the primary barrier to blockchain adoption: the conflict between transparency and financial confidentiality. This funding will allow Digital Asset to expand the Canton Network's infrastructure, onboard new institutions more quickly, and support the composability and interoperability required to bring billions of dollars of real-world assets on-chain. Over the next 12 to 18 months, there will be additional live deployments from major financial players, interoperability between applications across nodes, and a meaningful expansion into new global markets. "Through this investment, YZi Labs is proud to support the mission of bringing tokenized real-world assets into the financial mainstream, and to contribute to the broader goal of advancing global institutional adoption." said Ella Zhang, Head of YZi Labs. "This investment from YZi Labs reinforces the growing demand for blockchain infrastructure that meets the rigorous standards of global financial markets," said Yuval Rooz, Co-Founder and CEO of Digital Asset. "Their deep conviction in foundational Web3 infrastructure, global track record in scaling emerging technologies, and expertise in accelerating blockchain adoption make them an ideal partner as we expand Canton's reach. With this new backing, we're advancing our mission to bring trillions of dollars more in real-world assets on-chain, creating a more connected and efficient financial ecosystem." About YZi LabsYZi Labs manages over $10 billion in assets globally. Our investment philosophy emphasizes impact first—we believe that meaningful returns will naturally follow. We invest in ventures at every stage, prioritizing those with solid fundamentals in Web3, AI, and biotech. YZi Labs' portfolio covers over 300 projects from over 25 countries across six continents. More than 65 of YZi Labs' portfolio companies have gone through our incubation programs. For more information, follow YZi Labs on X. About Digital Asset HoldingsDigital Asset is a leading innovator in blockchain technology, transforming traditional and digital financial markets with privacy-enabled solutions that improve capital flow and create a more efficient, fair, and resilient global system. As the creator of the Canton Network, the only public layer one blockchain with privacy, and a founding member of its Global Synchronizer Foundation, Digital Asset has been a pioneer of this open, secure, and interoperable infrastructure. Founded in 2014, Digital Asset is committed to reshaping the future of finance by enabling real-time efficiencies, 24/7 global transactions, and unlocking the full potential of cryptocurrencies, digital assets, and the continued convergence of decentralized and traditional finance. About the Canton NetworkThe Canton Network is the first public, permissionless blockchain purpose-built for institutional finance—uniquely combining privacy, compliance, and scalability. Governed by the Global Synchronizer Foundation with participation from leading global financial institutions, Canton enables real-time, secure synchronization and settlement across multiple asset classes on a shared, interoperable infrastructure. Initially developed by Digital Asset and now open-sourced, Canton supports decentralized governance and collaborative app development. By overcoming the limitations of existing blockchains, it unlocks new efficiencies for regulated institutions and facilitates the convergence between traditional finance and institutional crypto. Disclaimer:The information provided in this article is intended for informational purposes only and does not constitute investment advice, endorsement, analysis, or recommendations with respect to any financial instruments, investments, or issuers. This article may contain forward-looking statements which are by nature subject to risks and uncertainties. Investment in cryptocurrency and DeFi projects involves substantial risk, including the risk of complete loss. This article does not take into account the investment objectives, financial situation, or specific needs of any particular person and each individual is urged to consult their legal and financial advisors before making any investment decisions. Media Contacts:Yuna Labs yuna.y@ Paul PatellaDigital Asset (US) View original content to download multimedia: SOURCE Digital Asset (US) Corp.
Finextra
26-06-2025
- 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
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.'
CNBC
24-06-2025
- Business
- CNBC
Goldman Sachs and Citadel back crypto firm Digital Asset in $135 million funding round
Crypto company Digital Asset said Tuesday that it's netted $135 million in funding from a raft of major names in banking and finance. The firm, which touts itself as a regulated crypto player, said it raised the fresh cash in a funding round co-led by DRW and Tradeweb, with Goldman Sachs, BNP Paribas and Ken Griffin's Citadel Securities also investing. The investment highlights how large financial institutions are embedding themselves in the once murky world of cryptocurrencies. Previously associated with fraud, money laundering and other illicit activities, digital assets have become a more mainstream asset class over the years as big names like JPMorgan Chase, Goldman Sachs and Morgan Stanley warmed to the space. Just last week, JPMorgan launched its own version of a stablecoin, a deposit token called "JPMD." "With growing participation from global financial institutions and market participants, we expect this funding round to help us solidify our role as the backbone of digital finance," Yuval Rooz, Digital Asset's CEO and co-founder, told CNBC. Digital Asset sells a number of digital asset services to its clients, which include major Wall Street players like Goldman Sachs, Citadel and Virtu. Co-founded in 2014 by trader-turned-entrepreneur Yuval Rooz, it competes with the likes of Ripple, R3 and Consensys. The firm will use the new funding to advance adoption of the Canton Network. Initially developed by Digital Asset but now open-source, Canton is a public blockchain designed for financial institutions to move assets and data around while meeting regulatory and privacy requirements. Banks and trading firms are using Canton to tokenize real-world assets such as bonds, commodities and money market funds. "This raise will allow us to build upon the continuing momentum around the Canton Network and accelerate the onboarding of more high-quality assets, finally making blockchain's transformative promise an institutional-scale reality," Rooz told CNBC. The network now supports trillions of dollars in tokenized assets, according to Digital Asset's CEO.
