Goldman Sachs and Citadel invest $135 million in Digital Asset, boosting institutional involvement in crypto.

From CNBC: 2025-06-24 05:00:00

Digital Asset secures $135 million in funding from major financial players like Goldman Sachs and BNP Paribas. The investment reflects the increasing involvement of large institutions in the crypto space, with digital assets gaining traction as a mainstream asset class. JPMorgan recently launched its own stablecoin, signaling industry growth.

Founded in 2014, Digital Asset offers digital asset services to Wall Street giants like Goldman Sachs and Citadel. The company plans to use the funding to promote adoption of the Canton Network, a public blockchain for financial institutions to move assets securely while meeting regulatory requirements. Banks and trading firms are already using Canton to tokenize real-world assets.

Digital Asset’s CEO, Yuval Rooz, sees the funding as a way to accelerate the Canton Network’s growth and bring blockchain technology to an institutional scale. The network currently supports trillions of dollars in tokenized assets, with banks and trading firms leveraging the platform to tokenize various assets like bonds and commodities.

Read more: Goldman Sachs and Citadel invest in crypto firm Digital Asset