Canton Network's Digital Asset seeks $300M at $2B valuation in a16z-led raise

Canton Network’s Digital Asset targets $2 billion valuation in a16z crypto-led raise: Bloomberg

Sources familiar with the matter told Bloomberg the fundraiser is expected to close in the coming weeks and the final amount might vary.

By Olivier Acuna | Edited by Sheldon Reback

1 min read Make preferred on Share Share this article

Copy link X icon X (Twitter) LinkedIn Facebook Email

Digital Asset Holdings, the company behind the blockchain company Canton Network is seeking $300 million at a $2 billion valuation. ( Shubham Dhage/Unsplash)

Digital Asset Holdings, creator of the Canton Network blockchain used by major financial institutions, is seeking about $300 million at a roughly $2 billion valuation, with a16z crypto among the prospective investors, according to Bloomberg.

The funding round, advised by investment bank FT Partners, follows an estimated $50 million strategic investment in late 2025 from firms including BNY and Nasdaq, alongside existing backers DRW and Citadel Securities.

Canton Network, a privacy-enabled blockchain for connecting tokenized assets across financial institutions, recently facilitated the first cross-border intraday repo using tokenized U.K. gilts.

Digital Asset Holdings, the company behind the Canton Network blockchain used by several major banks and trading firms, is seeking $300 million from investors including Andreessen Horowitz’s a16z crypto at a roughly $2 billion valuation, according to Bloomberg .

The funding round is expected to close in the next few weeks, and the amount raised could vary, people familiar with the matter told Bloomberg.

The sources said investment banking company FT Partners is consulting Digital Asset on the funding round.

Digital Asset Holding, Canton Network and a16z crypto did not respond to a CoinDesk request for comment and confirmation.

The Canton Network is a privacy-enabled blockchain infrastructure whose purpose is to connect financial institutions and their tokenized assets across interoperable, permissioned applications.

In February, it revealed that a group of global financial firms completed the first cross-border, intraday repurchase agreement using tokenized British government bonds on its blockchain. The transaction was the first time digital versions of gilts, a $2 trillion market, had been used in an intraday repo across borders.

Digital Asset r eceived backing estimated at about $50 million in late 2025 from investors, including Bank of New York Mellon and Nasdaq. Existing backers also include DRW and Citadel Securities.

For Andreessen Horowitz, participation in this fundraising round could be its first since raising $2.2 billion a week ago for its latest crypto fund, taking its total capital dedicated to the sector to just shy of $10 billion across five funds.

1 Bitcoin tops $65,000 with US inflation data due this week 5 hrs ago

2 XRP is getting left behind in the crypto bounce even as ETFs keep attracting investor money 5 hrs ago

3 Is Clarity's delay a blessing in disguise?: State of Crypto 15 hrs ago

4 Hyperliquid’s RWA perps boom is eating into the revenue that backs HYPE 18 hrs ago

5 Bitcoin investors pour $853 million into spot ETFs. BlackRock’s IBIT claims the bulk 19 hrs ago

6 Crypto is going through a massive dot-com style shakeout as over 100 projects fold in 2026 20 hrs ago

7 Controversial Bitcoin fork BIP-110 mines two blocks, then stops 1 day ago

8 Bitcoin hits block 961,632 as the controversial BIP-110 soft fork attempt begins 1 day ago

9 Hardware wallet sales in Russia more than double as new crypto rules near 1 day ago

10 Brazil's central bank orders exchanges to delay large crypto transfers abroad 1 day ago

Building the Zcash Machine: Tachyon and Quantum Readiness

Building the Zcash Machine: Tachyon and Quantum Readiness

Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.

Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.

Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.

Inside stablecoin firm BVNK’s journey to a $1.8B acquisition by Mastercard

Robinhood brings crypto trading to UK in AI-powered all-in-one app

Hyperliquid’s RWA perps boom is eating into the revenue that backs HYPE