Odaily News Digital Asset, the developer of the privacy blockchain Canton Network, announced the completion of a $135 million strategic financing round led by DRW Venture Capital and Tradeweb Markets, with participation from BNP Paribas, Circle Ventures, Citadel Securities, DTCC, Virtu Financial, Paxos and other well-known companies in traditional finance and encryption.
With configurable privacy at its core, Canton Network has attracted a number of companies including Goldman Sachs and Bank of New York Mellon to test RWAs on its platform. This financing will help Canton Network further expand the coverage of RWAs, which currently includes asset classes such as bonds, money market funds, alternative funds, commodities, repurchase agreements, mortgages, life insurance and annuities.