Digital Asset Holdings has raised $355 million in a new funding round led by Andreessen Horowitz’s main crypto fund.
Summary
- Digital Asset secured $355m led by a16z after a prior $300m May round report surfaced.
- Canton Network has supported $6t in tokenized issuance as Wall Street adoption accelerates today globally.
- Institutional backers include Citadel Securities, Apollo, BNP Paribas, CME Ventures, Coinbase Ventures, HSBC and ADIA.
The round adds fresh capital to the company behind Canton Network, a blockchain built for financial institutions and tokenized assets.
Andreessen Horowitz’s a16z crypto contributed $100 million to the raise. Other backers included Citadel Securities, Apollo, BNP Paribas, CME Ventures, Coinbase Ventures, HSBC, Optiver and the Abu Dhabi Investment Authority.
a16z leads new funding round
The new funding comes after reports in May that Digital Asset was seeking about $300 million at a valuation near $2 billion. The latest round shows continued investor demand for blockchain infrastructure aimed at regulated finance.
Digital Asset plans to use the proceeds for partnerships, acquisitions and ecosystem expansion. The company has positioned Canton Network as a platform for institutions that need privacy, controls and smart contract functions.
Canton is a layer-1 blockchain designed for tokenized assets and financial workflows. It allows users to keep selected information private while still supporting shared settlement across different market participants.
That design targets banks, asset managers, exchanges and market makers. These firms often need confidentiality when handling trades, client data and regulated financial products.
Canton targets tokenized finance
Canton Network has already supported $6 trillion in tokenized issuance, according to reports. The network focuses on real-world assets, settlement, collateral movement and other institutional use cases.
The platform uses a two-tier consensus model designed to support horizontal scaling. It also aims to keep smart contracts interoperable across connected applications.
This matters for traditional finance because many institutions cannot use fully transparent public chains for sensitive activity. Canton’s privacy controls are meant to address that barrier.
As previously reported by crypto.news, Digital Asset was already drawing attention from major financial names. Visa joined Canton as a Super Validator in March 2026 and later added Canton to its stablecoin settlement pilot.
Wall Street backing expands
The latest raise adds to a broader series of funding moves by Digital Asset. In 2025, the company raised $50 million from backers including Nasdaq and Bank of New York Mellon.
Digital Asset also raised $135 million in a strategic round backed by firms from both traditional finance and crypto. That round included names such as Goldman Sachs, Citadel Securities, DTCC, BNP Paribas and Tradeweb Markets.
The new $355 million round gives the company more capital at a time when tokenization is becoming a central focus for major financial firms. Banks and market operators are testing bonds, money market funds, collateral and settlement tools on blockchain rails.
Digital Asset remains privately held. Its latest funding round shows that institutional blockchain infrastructure continues to attract capital, even as wider crypto markets remain uneven.
