Wall Street Just Quietly Bought The Blockchain, And Nobody Noticed
In this commentary, the speaker outlines how major Wall Street institutions have covertly taken control of blockchain technology by backing Digital Asset, the creator of the private Canton Network. On June 11, 2026 Digital Asset raised $355 million in a funding round led by a16z, valuing the company at roughly $2 billion. The round’s investors include Goldman Sachs, BNY Mellon, BNP Paribas, HSBC, Citadel Securities, NASDAQ, S&P Global, CME, the DTCC and an Abu Dhabi sovereign‑wealth connection – the very entities that run the global financial system. The Canton Network, originally built by the Chicago trading firm DRW about 12 years ago, now settles trillions of dollars of real‑world assets (bonds, money‑market funds, short‑term loans) for nearly 400 institutions. The speaker argues that banks are not merely adopting public crypto; they are buying the blockchain “rails” themselves, positioning the private network as the foundational infrastructure for future financial activity, much like building roads that later attract houses, stores, and commerce.
