Why did we raise our last round:
We’re already profitable. So why raise?
For years we’ve asked ourselves what it would take to truly bring finance OnChain. We believe
@CantonNetwork has finally identified the components needed to establish crypto rails as a new global settlement layer, rather than treating crypto wallets as a mere distribution mechanism (as most “tokenization” does today). Those components are: privacy, issuer control and sovereignty, governance, and alignment of economics.
We have the largest organizations in the world moving their core businesses to run on Canton. That will drive utility to canton-network:native.
@digitalasset’s entire business is canton-network:native.
So why raise? Because we have a unique opportunity right now. Organizations are willing. Regulators are willing. Admin is willing. We could wait for organic growth, or DA can step in to accelerate it. Rather than wait for large corporates with long budget cycles to build this infrastructure, DA will build much of what’s needed to double, triple, and quadruple canton-network:native utility.
We will enter new partnerships to build applications that drive more usage. Those will be announced later this year.
We will partner with builders to bring burns to subnets.
And there are potential M&A activities that will further align other companies with
@CantonNetwork.
All of this requires a healthy balance sheet, which we now have.
There is still a lot of work to do, but I’m excited for what’s ahead.
