Digital Asset, the developer of Canton Network, announced a $355 million round led by a16z crypto. The round included major institutional names across finance and capital markets.
The important part is not only the size of the raise. Canton is built for regulated markets that need privacy, compliance and synchronized settlement between institutions. That is a different model from public DeFi networks, where default transparency is often the main feature.
If tokenized securities, Treasuries and repo really move on-chain, banks need more than a blockchain. They need access controls, privacy, legal compatibility and clear settlement.
What to watch next: which real assets appear on Canton and whether the network becomes a working layer for institutional tokenization, not just another L1.
