Privacy-Focused Blockchains Arc, Canton, Tempo Raise Over $1B in Aggregate Funding

According to Bitwise Chief Investment Officer Matt Hougan on May 13, three privacy-focused blockchains—Arc, Canton, and Tempo—have collectively raised over $1 billion in funding with a combined valuation exceeding $10 billion. Arc, backed by Circle, completed $222 million in funding at a $3 billion valuation; Digital Asset is seeking $300 million for Canton at a $2 billion valuation; and Tempo, supported by Stripe and Paradigm, previously raised $500 million at a $5 billion valuation. Hougan attributed the funding surge to three trends: clearer U.S. regulatory environment, rising demand for privacy-focused blockchains, and intensifying competition among enterprise-backed crypto networks.