Goldman and Citadel Bet Big on Crypto With $135M Digital Asset Deal

​In a bold show of confidence in blockchain’s institutional future, Goldman Sachs and Citadel Securities have thrown their weight behind Digital Asset, a crypto firm that just raised $135 million in fresh funding.

Also backed by BNP Paribas, DRW, and Tradeweb, the funding round underscores how major financial players are deepening their stake in the once-wild world of crypto. The goal? Fuel the adoption of the Canton Network, a blockchain designed specifically for high-powered financial institutions.

Canton isn’t your typical crypto playground. Developed by Digital Asset and now open-source, it enables banks and trading firms to tokenize real-world assets—from bonds and commodities to money market funds—while staying compliant with regulatory and privacy demands.

According to CEO Yuval Rooz, the new cash will help solidify Canton’s role as a “backbone of digital finance.” With trillions of dollars in tokenized assets already supported on the network, the firm aims to onboard even more high-quality assets at scale.

Digital Asset, founded in 2014, already counts Goldman Sachs, Citadel, and Virtu among its clients. It competes with other enterprise blockchain names like Ripple, R3, and Consensys, but distinguishes itself by prioritizing regulation and institutional-grade infrastructure.

The move signals a clear shift in sentiment: crypto is no longer just a playground for startups and retail traders. Wall Street wants in—and it's bringing serious capital to reshape the rules.