As global finance moves rapidly towards tokenisation, the infrastructure powering tomorrow's capital markets is taking shape today. Joining us is Andrew Vranjes, Chief Revenue Officer at Digital Asset. Andrew, welcome to the show.
Thanks for having me today, Lucy. Week six on the job for me here — and I am genuinely amazed at the depth of talent and tenure in this company.
Let's start with the $355 million funding round. You have ADIA on the cap table. What does this round mean for Digital Asset and the Canton network?
Firstly, thank you to the Abu Dhabi Investment Authority for joining our latest funding round — I am excited to be meeting with them here. We also have Andreessen Horowitz leading the round, which is an incredible signal given their expertise in the space. The round itself is the who's who of both traditional finance and DeFi players from across the globe. We recently announced Shinhan Financial Group and SC Ventures — Standard Chartered Bank's venture arm — joining the previously announced oversubscribed round. It is a strong signal that Canton is genuinely bringing the global financial ecosystem on-chain and bridging TradFi and DeFi.
What is the mission of Digital Asset when it comes to the Canton network?
Our vision for Canton is to become the network where cash, government securities, repo, stablecoins, money market funds, collateral, and foreign exchange move seamlessly and securely 24/7 across global markets. Right now, over $9 trillion flows on Canton every month. But Canton goes far beyond settlement — it allows regulated entities to run their entire business on-chain securely. It is the only network that can deliver this for regulated markets.
What is the most important real-world problem Canton solves today?
The founders of Digital Asset recognised very early that blockchain had the potential to transform capital markets — but also that finance needs infrastructure that meets and exceeds the most stringent requirements of regulated markets. Canton was designed to solve that exact problem: bringing the operating model of finance on-chain with configurable privacy, governance, compliance, and production-grade market infrastructure. For banks, that means unlocking intraday liquidity, reducing idle capital, and enabling tokenised deposits for treasury services. For asset managers, it means faster settlement, expanded distribution, and optimised collateral management.
We are seeing tokenised treasuries, tokenised funds, and other real world assets move on-chain. Where will the earliest large-scale adoption come from?
Tokenised treasuries are gaining momentum fastest right now, across both TradFi and digital asset institutions. The reasons are 24/7 access, faster collateral mobilisation, and more efficient movement between cash, stablecoins, and government securities. Our DTCC partnership is instrumental here — in December we announced the partnership to tokenise BTC custody US treasuries on Canton, and just a few weeks ago, DTCC successfully processed live production transactions of tokenised US treasuries and equity securities on Canton for the very first time. These are live trades in a production environment with real assets, real counterparties, real legal agreements, and real market applications. This is the transition from testing tokenisation technology to production use on-chain. My personal view is that we will look back at this moment as pivotal for the entire industry. We also have active projects with the London Stock Exchange, JP Morgan — putting JPM Coin on Canton — HSBC, and Lloyds. There is enormous momentum.
Andrew, thank you so much for coming on the show today and sharing your insights with us.
Thanks for having me, Lucy.
