Canton Network developer raises $355 million to bring Wall Street onchain
60-second summary
Canton Network developer is raising $355 million to bring Wall Street onchain, capitalizing on the growing trend of blockchains designed for big banks and institutions, following Stripe's Tempo and Circle's Arc in securing hundreds of millions of dollars in investments, signaling a significant shift towards institutional adoption and mainstream acceptance of blockchain technology in the financial sector.
The investment comes as blockchains designed for big banks and institutions are having a moment, with Stripe's Tempo and Circle's Arc raising hundreds of millions of dollars.