Why did we raise our last round:
We’re already profitable. So why raise?
For years we’ve asked ourselves what it would take to truly bring finance OnChain. We believe @CantonNetwork has finally identified the components needed to establish crypto rails as a new global settlement layer, rather than treating crypto wallets as a mere distribution mechanism (as most “tokenization” does today). Those components are: privacy, issuer control and sovereignty, governance, and alignment of economics.
We have the largest organizations in the world moving their core businesses to run on Canton. That will drive utility to canton-network:native. @digitalasset’s entire business is canton-network:native.
So why raise? Because we have a unique opportunity right now. Organizations are willing. Regulators are willing. Admin is willing. We could wait for organic growth, or DA can step in to accelerate it. Rather than wait for large corporates with long budget cycles to build this infrastructure, DA will build much of what’s needed to double, triple, and quadruple canton-network:native utility.
We will enter new partnerships to build applications that drive more usage. Those will be announced later this year.
We will partner with builders to bring burns to subnets.
And there are potential M&A activities that will further align other companies with @CantonNetwork.
All of this requires a healthy balance sheet, which we now have.
There is still a lot of work to do, but I’m excited for what’s ahead.
Digital Asset raised $355M in an a16z‑led round at a $2B valuation, extending a Wall Street‑backed funding run as banks ramp up pilots on Canton.
https://t.co/VVlpgssvL6
Almost 12 years ago, I left @DRWTrading with @wesarn_real to start @digitalasset. @ShaulKfir joined us shortly after. The name felt right. The idea was simple but audacious: build a global settlement system that is asset agnostic. One that doesn’t eliminate banks, exchanges, and intermediaries, but tears down the barriers keeping people from accessing assets and settling at a fraction of today’s cost. A new financial world, built for the end consumer.
We knew institutional adoption was the path. We just didn’t know how long it would take.
We failed. We made bad decisions. There are things we would have done differently. But we never let go of our North Star, even when people around us were convinced we had no idea what we were doing. That focus, conviction, and most of all, patience, led us to launching @CantonNetwork. And the results speak for themselves.
Today is a new chapter in that story.
I’m proud to announce that @a16zcrypto is leading our latest round, joined by some of the giants of the global financial system, including @ABNAMRO, ADIA, @apolloglobal, @BNPParibasCIB, @Broadridge, @citsecurities, @CMEVentures, @cbventures, Green Wolf Asset Management, @Hanwha_Official, @HSBC, @icapitalnetwork, @LCVentures, @OptiverGlobal, @polychain, @R136Ventures, @SPGlobal, @sbigroup, @smash_capital, @SoFi, @Tradeweb, and @WilliamBlair, and others we’ll be naming shortly. Twelve years ago, I could not have imagined building alongside partners of this caliber.
$CC today processes the highest fees of any institutional blockchain network. And we’re just getting started. What’s coming later this year is just as exciting.
None of this happens without the builders, the ones who show up to weekly tokenomics meetings, dial into operations subcommittees, spend nights and weekends building apps on Canton, and show up on @X to cheer this ecosystem forward. You are not just supporters. You are partners. I’m honored to be on this journey with you.
On a personal note: @a16z hits differently for me. Ben’s book The Hard Thing About Hard Things was one I kept coming back to during the hard stretches. Having his firm lead this round is meaningful in a way that’s hard to put into words. So I’ll let him do it:
“The hard thing isn’t setting a big, audacious goal. The hard thing is spending sleepless nights trying to achieve it. The hard thing isn’t dreaming big. The hard thing is waking up in the middle of the night in a cold sweat when the dream turns into a nightmare. Motivating yourself by watching YouTube shorts or Instagram reels isn’t the hard thing. The hard thing is working every day and being consistent even if you feel like shit. The hard thing isn’t boasting you could achieve anything. The hard thing is working like hell to achieve something. The hard thing isn’t believing in yourself. The hard thing is getting things done when nobody believes in you, even when you doubt yourself. The hard thing isn’t telling yourself that you must achieve the impossible. The hard thing is toiling hard every day for years despite knowing that success is too uncertain.”
https://t.co/heqdne7Thh
No pre-mine. No ICO. Just hard work by builders. And this is before some of the biggest apps are turned on. The next year is gonna be fun. canton-network:native
Most blockchains weren't built for regulated markets. @CantonNetwork is building one that is.
Their infrastructure has even pulled in the likes of DTCC, J.P. Morgan, Visa, and other major institutions.
If you haven't read up about Canton yet, make sure to check out our report on them.
As global regulators including the @SECGov, @CFTC and @bankofengland explore how best to enable markets to benefit from the efficiencies moving on-chain, blockchain selection is an underrated but critical choice. Some designs embed front-running and information leakage directly into execution. Others are designed to prevent it. My latest in the @FT on why these choices matter for investors and capital markets: https://t.co/KFwHoBYeMO
This is it. The Final Showdown.
@CantonNetwork vs $XRP
Time to end the debate once and for all.
I tried to make this video shorter, but I spent the entire edit laughing, which is rare, so I let it run.
Timestamps below. Enjoy!
$CC @CantonFdn@Ripple
0:00 Intro
0:57 Team
2:25 Technology
4:34 Business Development
6:49 Community Delusion
7:59 Content Creators
9:31 Tokenomics
10:25 Unique Value Prop
12:30 The Bar Fight
13:53 Final Verdict
Canton Network's developer documentation is now unified across all build paths.
A single entry point for application development, node operation, synchronizer setup, and wallet integration.
↓ Learn more.