Further Asset Management (“Further”) today announced that it has entered into a Memorandum of Understanding with Canton Network to advance institutional-grade blockchain infrastructure in the Middle East. Under the agreement, Further will join the Canton Validator Network and will explore the establishment of a Canton Super Validator in the UAE, leveraging the technical, operational, and regulatory capabilities of its digital-asset portfolio.
As financial institutions worldwide move toward regulated, interoperable, real-time settlement, the partnership aims to position Abu Dhabi as a regional hub for production-grade tokenization, collateral mobility, and on-chain market infrastructure built on Canton’s privacy-enabled, institutionally aligned blockchain network.
“As global markets move toward compliant, real-time settlement, the Gulf is uniquely positioned to anchor the next generation of global financial infrastructure” said Faisal Al Hammadi, Managing Partner at Further Asset Management. “Joining Canton’s validator network is a natural extension of our work building regulated rails for institutional capital. We see Canton as a foundational layer for synchronized, cross-border financial markets and we see Abu Dhabi as a leading jurisdiction where these capabilities can scale.”
Further’s participation extends beyond node operations. Several of the firm’s portfolio companies already build on, integrate with, or support Canton-based applications including custody providers, tokenization platforms, payments infrastructure and trading venues. As part of its proposed Super Validator role, Further will mobilize this ecosystem to help accelerate institutional adoption, transaction volume, and production-grade use cases across the Middle East.
"We are seeing real momentum as institutions move assets to production on Canton. Further is a great partner connecting the UAE’s institutional ecosystem to this infrastructure. By operating a validator in Abu Dhabi and working toward a broader super-validator role, Further is helping make Canton the natural home for next-generation markets in the region." said Yuval Rooz, Co-Founder and CEO of Digital Asset Holdings.
This initiative reflects Further’s broader mandate to advance compliant digital-asset market infrastructure and simplify institutional access for banks, exchanges, and asset managers operating in and from the UAE.
