Digital Asset Holdings, the company behind the Canton Network, has raised $355 million in a new funding round led by Andreessen Horowitz’s main crypto fund, a16z Crypto. The round, which values the company at approximately $2 billion, signals robust venture capital confidence in institutional-grade blockchain infrastructure for tokenized assets.
a16z Crypto contributed $100 million to the raise. The investor syndicate also includes a broad coalition of traditional finance and crypto-native firms: Citadel Securities, Apollo Funds, BNP Paribas, Broadridge, CME Ventures, Coinbase Ventures, HSBC, Optiver, S&P Global, SBI Group, SoFi, Tradeweb, Hanwha Investment & Securities, and a subsidiary of the Abu Dhabi Investment Authority (ADIA). Digital Asset plans to use the proceeds for partnerships, acquisitions, and ecosystem expansion.
The Canton Network is a layer-1 blockchain designed specifically for financial institutions, enabling privacy-preserving smart contracts and interoperable settlement across different market participants. It has already supported over $6 trillion in tokenized issuance, targeting real-world assets, collateral movement, and other regulated workflows. In March 2026, Visa joined Canton as a Super Validator and later integrated it into a stablecoin settlement pilot.
Today’s funding follows a series of capital infusions. In 2025, Digital Asset raised $50 million from Nasdaq and Bank of New York Mellon, followed by a $135 million strategic round backed by Goldman Sachs, Citadel Securities, DTCC, BNP Paribas, and Tradeweb Markets. The latest round comes amid accelerating Wall Street adoption of tokenization, as banks and market operators test bonds, money market funds, and collateral tools on blockchain rails.
