CC (CC)

🔥@CantonNetwork raised $355M: RWA continues to be the story attracting money into crypto

📌Digital Asset, the company behind Canton Network, just raised $355M in a funding round led by a16z crypto. Other participants include HSBC, BNP Paribas, ABN Amro, SBI Group, SoFi, Apollo, ADIA, Tradeweb, Broadridge, CME Ventures, S&P Global, Coinbase Ventures, Polychain, Citadel Securities and Optiver.

📌Looking at the investor list, Canton is pulling major traditional financial players into crypto: banks, funds, exchanges, market makers, custodians, and crypto VCs.

📌Canton differs from current L1s that still sell the decentralized dream. Digital Asset says Canton now has over 700 ecosystem members, aiming to bring assets, applications, and managed workflows on-chain.

📌The biggest piece is DTCC. At the end of 2025, DTCC and Digital Asset will announce a partnership to tokenize a portion of U.S. Treasury bonds held at DTC on the Canton Network. The plan is to run an MVP in a controlled production environment in early 2026, then scale up based on customer demand.

📌Broadridge has deployed the Distributed Ledger Repo (DLR) platform on Canton, processing roughly $280 B of repo volume per day on average. This is why Broadridge plays a major role in the mint/burn activities of the $CC token – which is tied to the level of usage of the Canton network.

📌It cannot be denied that Canton has product‑market fit within institutional finance infrastructure. If DTCC rolls it out strongly, Canton could evolve from a repo‑servicing network into the tokenization infrastructure layer of the U.S. capital market.

📌If nothing changes, RWA will remain a big trend in the coming season.