Key Takeaways
- • Digital Asset raised $355 million in Series C funding led by Andreessen Horowitz's a16z crypto fund ($100 million), with participation from Citadel Securities, Optiver, Abu Dhabi Investment Authority, and 7RIDGE, valuing the company at approximately $2 billion.
- • The funding round follows $185 million raised across two rounds in 2025 from institutional investors including BNY Mellon, Nasdaq, S&P Global, Tradeweb Markets, and DRW Venture Capital, demonstrating sustained institutional capital appetite for blockchain infrastructure.
- • Digital Asset operates Canton Network, a privacy-enabled Layer 1 blockchain designed specifically for financial institutions, positioning the company at the intersection of traditional finance digitization and institutional tokenization.
- • The company is collaborating with the Depository Trust & Clearing Corporation on a multi-year initiative to tokenize US Treasury securities, establishing regulated, privacy-compliant digital asset infrastructure with plans to expand to additional asset classes.
- • This funding round reflects accelerating Wall Street adoption of blockchain technology for tokenizing traditional assets, with major trading venues and infrastructure providers validating the institutional demand for decentralized financial market infrastructure.
Summary
Digital Asset has secured $355 million in Series C funding as institutional investment in blockchain infrastructure for traditional finance continues to accelerate. The round was led by Andreessen Horowitz's a16z crypto fund, which committed $100 million, alongside participation from Citadel Securities, Optiver, the Abu Dhabi Investment Authority, and 7RIDGE. The financing values Digital Asset at approximately $2 billion, according to Bloomberg's May reporting on the funding process.
This capital injection represents the latest phase of sustained institutional backing for Digital Asset, which raised approximately $185 million across two funding rounds during 2025. That earlier financing included participation from major financial infrastructure providers and exchanges, including BNY Mellon, Nasdaq, S&P Global, Tradeweb Markets, and trading firm DRW Venture Capital. The roster of investors—spanning market infrastructure operators, quantitative trading firms, and sovereign wealth—underscores the breadth of institutional conviction surrounding tokenization and blockchain-based asset settlement.
Digital Asset develops Canton Network, a privacy-enabled public Layer 1 blockchain engineered for financial institutions. The platform addresses specific institutional requirements including regulatory compliance, privacy controls, and operational resilience. The company's enterprise software and services layer enables organizations to access the Canton ecosystem and deploy institutional tokenization applications.
A key validation of Digital Asset's infrastructure comes from its collaboration with the Depository Trust & Clearing Corporation (DTCC), the US financial system's primary settlement and clearing utility. The companies are executing a multi-year project to tokenize US Treasury securities onto blockchain infrastructure. This initiative aims to establish regulated, interoperable digital asset infrastructure incorporating privacy protections and institutional control mechanisms. Beyond Treasury securities, the project roadmap includes expanding tokenization capabilities to additional traditional asset classes.
This funding round reflects broader momentum among Wall Street institutions to migrate traditional asset settlement onto blockchain networks, with major clearing and settlement utilities, exchanges, and trading infrastructure providers now actively participating in infrastructure development and validation.
This capital injection represents the latest phase of sustained institutional backing for Digital Asset, which raised approximately $185 million across two funding rounds during 2025. That earlier financing included participation from major financial infrastructure providers and exchanges, including BNY Mellon, Nasdaq, S&P Global, Tradeweb Markets, and trading firm DRW Venture Capital. The roster of investors—spanning market infrastructure operators, quantitative trading firms, and sovereign wealth—underscores the breadth of institutional conviction surrounding tokenization and blockchain-based asset settlement.
Digital Asset develops Canton Network, a privacy-enabled public Layer 1 blockchain engineered for financial institutions. The platform addresses specific institutional requirements including regulatory compliance, privacy controls, and operational resilience. The company's enterprise software and services layer enables organizations to access the Canton ecosystem and deploy institutional tokenization applications.
A key validation of Digital Asset's infrastructure comes from its collaboration with the Depository Trust & Clearing Corporation (DTCC), the US financial system's primary settlement and clearing utility. The companies are executing a multi-year project to tokenize US Treasury securities onto blockchain infrastructure. This initiative aims to establish regulated, interoperable digital asset infrastructure incorporating privacy protections and institutional control mechanisms. Beyond Treasury securities, the project roadmap includes expanding tokenization capabilities to additional traditional asset classes.
This funding round reflects broader momentum among Wall Street institutions to migrate traditional asset settlement onto blockchain networks, with major clearing and settlement utilities, exchanges, and trading infrastructure providers now actively participating in infrastructure development and validation.
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