Digital Asset Holdings, the blockchain firm behind the Canton Network (CC), is reportedly seeking to raise $300 million in a new funding round that would value the company at approximately $2 billion. The round is said to be led by a16z Crypto, one of the most prominent venture capital firms in the digital asset space.
The deal, expected to close within weeks, marks a significant escalation from the company’s $50 million raise in December 2024 and a previous $135 million funding round dedicated to accelerating Canton Network adoption. The targeted valuation reflects growing confidence in enterprise-grade blockchain solutions tailored for regulated financial institutions.
The Canton Network, launched in 2023, is a privacy-enabled blockchain protocol designed to allow independent networks to communicate securely while preserving data confidentiality—a critical requirement for banks, asset managers, and other entities exploring tokenization. The investment signals renewed institutional appetite for blockchain infrastructure that can operate within existing regulatory frameworks.
If finalized, the $300 million round would be one of the larger private raises in the crypto sector in recent quarters, potentially indicating a shift in venture capital sentiment toward infrastructure plays focused on real-world utility. The outcome will be closely watched as a bellwether for sustained institutional interest in the sector.
