BNY and Nasdaq Invest in Blockchain Tech Company Digital Asset

Blockchain technology company Digital Asset received an investment from BNY, iCapital, Nasdaq and S&P Global.

The company did not disclose the amount of funding in the Thursday (Dec. 4) press release announcing the investment.

The news follows the company’s June announcement that it raised $135 million in a funding round to promote adoption of its Canton Network blockchain. That round was led by DRW Venture Capital and Tradeweb Markets, with participation from Goldman Sachs, which helped Digital Asset launch the blockchain.

The Canton Network is a public, permissionless blockchain built for institutional finance, according to the release.

The network supports use cases such as bonds, equities, money market funds, alternative investment funds, commodities, repos, mortgages, life insurance and annuities, the release said. It has over $6 trillion of assets on-chain and more than 600 institutions in traditional and decentralized finance participating across its ecosystem.

“Institutions across the financial ecosystem recognize the necessity of blockchain infrastructure purpose-built for regulated markets,” Digital Asset CEO Yuval Rooz said in the Thursday press release. “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.”

Brian Ruane, head of global clearing, credit services and corporate trust at BNY, said the investment in Digital Asset reflects the need for financial infrastructure that supports the move of capital markets toward a real-time, always-on operating model.

“This investment reflects our commitment to reimagining a faster and more efficient future for financial market infrastructure,” Ruane said in the release.

Lawrence Calcano, chairman and CEO at iCapital, said in the release: “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 the investment positions Nasdaq to accelerate adoption of tokenized solutions across 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,” Cohen said in the release.

Swati Sawjiany, global head of enterprise strategy, M&A and investments at S&P Global, said in the release that S&P Global sees opportunity to “collaborate with Canton and network participants to enhance transparency, integrity and insight to digital markets.”