Digital Asset announced a new investment from BNY, iCapital, Nasdaq, and S&P Global, which reflects the accelerating convergence of traditional finance (TradFi) and decentralized finance (DeFi) towards an “AllFi” future on the Canton Network. Financial details were not disclosed in the announcement.
These investments build on Digital Asset’s strong momentum following recent funding rounds and underscore the growing institutional alignment behind the Canton Network– the only public, permissionless Layer-1 blockchain designed with configurable privacy, institutional-grade compliance, and the ability to support hundreds of billions of dollars in on-chain real-world assets.
The new partners represent global institutions in asset servicing, wealth management, market infrastructure, financial data, financial technology, and digital asset trading. Their investment reinforces the critical role Canton is playing in the next phase of financial market infrastructure, bringing together decentralization with the privacy, legal certainty, and regulatory compliance required by global markets.
The Canton Network underpins a diverse and rapidly expanding set of use cases, including bonds, equities, money market funds, alternative investment funds, commodities, repos, mortgages, life insurance, and annuities. With more than $6 trillion of assets on-chain, over 600 institutions now participate across the Canton ecosystem, including global leaders in both traditional and decentralized finance.
Yuval Rooz, CEO of Digital Asset, said in a statement: “Institutions across the financial ecosystem recognize the necessity of blockchain infrastructure purpose-built for regulated markets. The addition of BNY, iCapital, S&P Global, and Nasdaq marks another milestone in the evolution of both Digital Asset and Canton. Their participation reinforces the inevitability of interoperable, privacy-enabled markets operating at global scale. We look forward to deepening our collaboration as we continue to transform how on-chain real-world assets move, settle, and interconnect.”
Brian Ruane, head of Global Clearing, Credit Services & Corporate Trust at BNY, said in a statement: “As capital markets move faster towards a real-time, always-on operating model, the development of financial infrastructure that seamlessly connects digital and traditional markets has never been more important. We’re excited to work with Digital Asset and Canton to continue advancing privacy-enabled and interoperable settlement solutions at institutional scale.”
Lawrence Calcano, chair and CEO at iCapital, said in a statement: “By combining our expertise in private markets and proven technology with Canton’s blockchain platform, we are establishing the foundation for tokenization of alternatives—driving efficiency, transparency, and broader access across the investment ecosystem.”
Tal Cohen, president of Nasdaq, said in a statement: “This investment builds on the work we’ve already done together to modernize post-trade and collateral workflows, and positions us to accelerate adoption of interoperable, tokenized solutions across the global capital markets. By combining Nasdaq’s markets and infrastructure expertise with Digital Asset’s technology, we can help our clients unlock new efficiencies, better manage risk, and confidently participate in the evolving digital asset ecosystem.”
Swati Sawjiany, global head of Enterprise Strategy, M&A and Investments at S&P Global, said in a statement: “The accelerated convergence of off-chain and on-chain financial markets underscores the importance of trusted market data, industry-leading benchmarks, and risk assessments as critical enablers in the transformation of market infrastructure. Digital Asset Holdings has played a central role in building a public blockchain capable of supporting the privacy and compliance demands of financial institutions. We are excited to join this round and see opportunity to collaborate with Canton and network participants to enhance transparency, integrity, and insight to digital markets.”