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Digital Asset, the firm behind the Canton Network, has successfully raised approximately $50 million in strategic investments from notable institutions including BNY, iCapital, Nasdaq, and S&P Global. This funding aims to enhance the growth of the Canton Network, which has already seen significant backing, totaling $135 million in previous rounds. The involvement of these major players underscores the broad institutional support for the Canton Network, which is designed for regulated markets. CEO Yuval Rooz emphasized the importance of blockchain infrastructure tailored for compliance. The Canton Network operates as a public, permissionless layer-1 blockchain, focusing on institutional-grade privacy and compliance, currently supporting trillions in tokenized assets with over 600 participating institutions. Notably, Franklin Templeton is transitioning its Benji Investments platform to Canton, showcasing the network's appeal. The recent investments build on earlier funding rounds, indicating a growing trend among financial institutions to embrace blockchain technology while maintaining regulatory comfort.

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