iCapital Joins BNY, Nasdaq, S&P Global in $50M Investment in Blockchain Firm
Global fintech platform iCapital has joined BNY, Nasdaq, and S&P Global in a $50 million strategic investment in Digital Asset, the creator of the Canton Network and a leader in privacy-enabled blockchain technology for global financial markets.
“By investing in Digital Asset, the leader in blockchain innovation, iCapital is reinforcing its commitment to building next-generation financial infrastructure. 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,” said Lawrence Calcano, chairman and chief executive officer of iCapital.
The investment builds on Digital Asset’s recent funding momentum and underscores growing institutional alignment behind the Canton Network – a permissionless Layer-1 blockchain designed for privacy, compliance, and scalability to support real-world assets onchain. governance and collaborative application development.
The investment highlights the growing convergence of traditional (TradFi) and decentralized (DeFi) finance, and Canton’s role in bridging both with privacy, legal certainty, and regulatory compliance.
“Institutions across the financial ecosystem recognize the necessity of blockchain infrastructure purpose-built for regulated markets. The addition of BNY, iCapital, S&P Global, and Nasdaq marks another milestone in the evolution of both Digital Asset and Canton,” said Yuval Rooz, CEO of Digital Asset. “Their participation reinforces the inevitability of interoperable, privacy-enabled markets operating at global scale. We look forward to deepening our collaboration as we continue to transform how onchain real-world assets move, settle, and interconnect.”
The Canton Network currently supports a range of assets classes – including bonds, equities, money market funds, alternative investment vehicles – with more than $6 trillion in onchain assets and participation from over 600 institutions.
Digital Asset develops privacy-enabled blockchain solutions for traditional and digital financial markets, aiming to improve capital flows and infrastructure efficiency.
In related news, Brookfield Asset Management partnered with iCapital to launch an interactive asset allocation tool for financial advisers and their clients. Powered by iCapital Architect, the new tool, Alts Allocator, uses three research-based high-net-worth investor profiles — traditionalist, emerging adopter, and alts champion – to illustrate how adding alternative investments to a traditional 60/40 portfolio can enhance diversification and improve potential investment outcomes.
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