Goldman Sachs, Citadel Back $135M Round for Crypto Firm

Goldman Sachs, Citadel Back $135M Round for Crypto Firm

In Summary

  • Digital Asset raised $135 million from major financial backers
  • Goldman Sachs, Citadel, DRW, and BNP Paribas participated
  • Funds will expand the open-source Canton blockchain network
  • The project supports tokenized assets at institutional scale


Catenaa, Monday, June 30, 2025- Digital Asset, a regulated crypto infrastructure provider, has secured $135 million in new funding, with backing from Wall Street giants including Goldman Sachs, Citadel Securities, DRW, BNP Paribas, and Tradeweb.

The investment round is seen as a sign of growth of interest by traditional financial institutions in blockchain technology and digital assets.

Founded in 2014, Digital Asset develops tools that enable regulated financial players to tokenize real-world assets such as bonds, commodities, and money market funds.

The latest funding will be used to scale the adoption of the Canton Network, a privacy-enabled public blockchain designed for institutional use.

Although initially developed by Digital Asset, the Canton Network is now open-source and reportedly supports trillions of dollars in tokenized assets.

Digital Asset’s CEO and co-founder Yuval Rooz said the funding would help accelerate the onboarding of high-quality assets and fulfill blockchain’s long-held promise of institutional-scale utility.

The company’s products are already used by trading firms like Virtu and banks including Goldman Sachs and JPMorgan.

The move follows JPMorgan’s launch of its own blockchain-based deposit token, JPMD, last week, highlighting the rising use of blockchain in mainstream banking.

Digital Asset’s positioning as a regulated player gives it an edge over crypto-native competitors such as Ripple and Consensys.

The Canton Network aims to bridge gaps between compliance, privacy, and blockchain efficiency, giving major institutions a trusted foundation for digital finance applications.

Protected by Copyscape