UAE Further Asset Management becomes node validator for Canton Blockchain
UAE based Further Asset Management (“Further”), investment platform, has entered signed an MOU with Canton Network, a Layer 1 Blockchain with privacy created by Digital Asset, to explore the establishment of a Canton Super Validator in the UAE.
As per the announcement, Further will join the Canton Validator Network, leveraging the technical, operational, and regulatory capabilities of its digital-asset portfolio.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.
Faisal Al Hammadi, Managing Partner at Further Asset Management noted that the GCC is uniquely positioned to anchor the next generation of global financial infrastructure. He believes that joining the 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 participation will extend 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.
“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.
Earlier this year, Solmate Infrastructure (NASDAQ: SLMT) launched the first-ever bare metal Solana validator in the UAE, the first performant Solana validator in the Middle East.
