Key Takeaways
- • Digital Asset secures $300 million Series funding at $2 billion valuation, led by a16z crypto, Andreessen Horowitz's dedicated cryptocurrency investment arm and the industry's largest venture backer in the sector.
- • Canton Network demonstrates institutional adoption momentum, with Visa joining as a Super Validator in March 2026 and integrating into Visa's stablecoin settlement pilot alongside Base, Polygon, Arc, and Tempo in late April.
- • Round represents significant valuation escalation following prior raises of $135 million in June 2025 (led by DRW Venture Capital and Tradeweb Markets with Goldman Sachs, Citadel Securities, and DTCC participation) and $50 million in December 2025 from BNY Mellon, Nasdaq, S&P Global, and iCapital.
- • Canton Network has processed over $6 trillion in tokenized assets, positioning itself as an enterprise-grade Layer 1 blockchain with configurable privacy features designed specifically for institutional finance workflows.
- • Expected close within weeks with potential for final amount to fluctuate; financing underscores sustained institutional investor appetite for privacy-enabled, permissionless blockchain infrastructure serving Wall Street and global financial infrastructure.
Summary
Digital Asset Holdings, developer of the Canton Network institutional blockchain, is raising approximately $300 million at a $2 billion valuation with a16z crypto leading the round, according to Bloomberg. The financing is expected to close within the coming weeks, though final capital commitments may still adjust prior to close. Neither Digital Asset nor a16z responded to requests for comment regarding the funding round.
This raise marks a substantial step up in valuation and capital deployment from Digital Asset's recent fundraising trajectory. The company previously raised $135 million in June 2025 in a round co-led by DRW Venture Capital and Tradeweb Markets, with participation from institutional heavyweights including Goldman Sachs, Citadel Securities, and DTCC. A subsequent $50 million round closed in December 2025, backed by BNY Mellon, Nasdaq, S&P Global, and iCapital. The progression of institutional investors across these funding events signals deepening confidence in the Canton Network's enterprise viability.
Canton Network operates as a public, permissionless Layer 1 blockchain engineered with configurable privacy features specifically architected for institutional finance use cases. The network supports applications built on Digital Asset's open-source Daml smart contract language and enables tokenized asset workflows across multiple parties while maintaining transactional confidentiality. The platform has demonstrated substantial institutional adoption, with more than $6 trillion in tokenized assets issued or processed to date. In March 2026, Visa designated itself as a Canton Super Validator, marking the payments giant's first-ever blockchain governance participation. The network's credibility expanded further in late April when Visa integrated Canton into its stablecoin settlement pilot alongside competing networks Base, Polygon, Arc, and Tempo.
The $300 million raise reflects a16z crypto's conviction in enterprise blockchain infrastructure and validates the market's appetite for permissioned, privacy-enabled distributed ledger solutions targeting institutional settlement and asset tokenization workflows. This funding positions Digital Asset to scale Canton's infrastructure and expand its developer ecosystem while capitalizing on demonstrated Wall Street traction.
This raise marks a substantial step up in valuation and capital deployment from Digital Asset's recent fundraising trajectory. The company previously raised $135 million in June 2025 in a round co-led by DRW Venture Capital and Tradeweb Markets, with participation from institutional heavyweights including Goldman Sachs, Citadel Securities, and DTCC. A subsequent $50 million round closed in December 2025, backed by BNY Mellon, Nasdaq, S&P Global, and iCapital. The progression of institutional investors across these funding events signals deepening confidence in the Canton Network's enterprise viability.
Canton Network operates as a public, permissionless Layer 1 blockchain engineered with configurable privacy features specifically architected for institutional finance use cases. The network supports applications built on Digital Asset's open-source Daml smart contract language and enables tokenized asset workflows across multiple parties while maintaining transactional confidentiality. The platform has demonstrated substantial institutional adoption, with more than $6 trillion in tokenized assets issued or processed to date. In March 2026, Visa designated itself as a Canton Super Validator, marking the payments giant's first-ever blockchain governance participation. The network's credibility expanded further in late April when Visa integrated Canton into its stablecoin settlement pilot alongside competing networks Base, Polygon, Arc, and Tempo.
The $300 million raise reflects a16z crypto's conviction in enterprise blockchain infrastructure and validates the market's appetite for permissioned, privacy-enabled distributed ledger solutions targeting institutional settlement and asset tokenization workflows. This funding positions Digital Asset to scale Canton's infrastructure and expand its developer ecosystem while capitalizing on demonstrated Wall Street traction.
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