Canton Network builder nears $300M raise led by a16z crypto

Digital Asset Holdings is reportedly raising about $300 million at a valuation near $2 billion, according to Bloomberg. 

The round is said to be led by Andreessen Horowitz’s crypto arm, a16z crypto, and could close in the coming weeks.

The company is known for developing Canton Network, a blockchain built for financial institutions. Bloomberg cited people familiar with the matter, while Digital Asset and a16z crypto did not comment on the report.

Canton Network draws institutional attention

Canton Network is designed for tokenized assets, payments, and settlement activity where privacy is required. Its model allows institutions to share selected transaction data while keeping sensitive details private.

That privacy focus has helped Canton attract major financial names. Visa joined Canton Network as a Super Validator in March 2026 and added Canton to its stablecoin settlement pilot in April.

Additionally, the reported round would follow Digital Asset’s $135 million raise in June 2025. That funding was backed by DRW Venture Capital, Tradeweb Markets, Goldman Sachs, Citadel Securities, DTCC, and other financial firms.

Digital Asset also raised $50 million in December 2025 from investors including BNY Mellon, Nasdaq, S&P Global, and iCapital, according to prior reports. The new round would mark a larger vote of confidence in Canton’s role in institutional blockchain infrastructure.

DTCC and tokenized assets add context

The funding talks come as DTCC prepares to test tokenized securities activity. As previously reported, DTCC has said it plans to pilot tokenized versions of some assets it custodies, with testing expected in July and a wider launch targeted for October.

Canton has also gained links with Moody’s, Japan Securities Clearing Corporation, and Swiss crypto bank Amina. These moves show how Digital Asset is positioning Canton for regulated finance rather than retail crypto trading.