NEWITY has selected the Canton Network to support on-chain distribution of small business credit, creating one of the first dedicated on-chain markets for small business loans. The announcement follows NEWITY’s recent $11 million strategic investment led by CMT Digital, secured to scale AI-driven origination and to connect small business credit with blockchain-enabled capital markets.
“We’ve proven we can help small businesses secure capital at scale. Now we’re building infrastructure to unlock our next phase of growth,” said David Cody, co-founder and co-CEO of NEWITY. “The $350 billion funding gap is an infrastructure and liquidity problem, not a lack of demand from investors. By building on the Canton Network, we’re laying the rails for modern credit markets where access to capital for small businesses is the default, not the exception.”
Small business credit has traditionally suffered from limited secondary market liquidity and fragmented distribution. NEWITY’s deployment on Canton will help change that by introducing the company’s AI-enabled small business credit to Canton’s broad universe of institutional and digital asset investors.
“NEWITY wasn’t created to patch a broken system; we built it to give small businesses a seat in modern capital markets,” said Luke LaHaie, co-founder and co-CEO of NEWITY. “Building on Canton will allow small business loan interests to become more liquid and accessible to a global pool of capital. For investors, it turns Main Street credit into a scalable, on-chain real-world asset.”
“What NEWITY, powered by Canton, is delivering today represents where the market is headed. We believe that in 10 years, this model will not be the exception but the norm. Bravo to all parties involved for pioneering this approach and pulling the future forward,” added Sam Hallene, partner at CMT Digital.
Unlike most public chains where all transaction data is visible, Canton provides configurable privacy and control to meet the compliance and confidentiality requirements of regulated finance, while still maintaining composability for on-chain financial applications.
“Bringing small business loans onto Canton’s infrastructure unlocks meaningful access and liquidity,” said Yuval Rooz, CEO of Digital Asset and co-founder of the Canton Network. “By pairing NEWITY’s high-volume loan origination with Canton’s privacy-preserving, interoperable network, we’re building an institutional-grade on-chain credit asset class with the capacity to scale.”