Digital Asset seeks $300M at $2B valuation in a16z crypto-led round: Bloomberg

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 Strategy sells 1,690 bitcoin, raises $653 million from MSTR shares 1 hr ago

2 Crypto exchange Coinsbuy loses $8 million in coordinated two-blockchain attack 2 hrs ago

3 Why the UK financial watchdog is drafting new rules for tokenized gold 2 hrs ago

4 Bitcoin's BIP-110 episode is free-market capitalism in purest form 2 hrs ago

5 Bitcoin steadies above $65,000 as Iran-Oman deal talk eases Hormuz concerns, lifts risk assets 3 hrs ago

6 Bitcoin volatility is in meltdown, but downside protection still commands a premium 3 hrs ago

7 A rare CME shift: Hedge funds abandon structural shorts to bet on a bitcoin rally 4 hrs ago

8 U.S. CPI inflation, Securitize, Gemini among earnings reports: Crypto Week Ahead 5 hrs ago

9 Inside stablecoin firm BVNK’s journey to a $1.8B acquisition by Mastercard 6 hrs ago

10 Robinhood brings crypto trading to UK in AI-powered all-in-one app 7 hrs 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.

Bitmine’s ETH buying slows as Tom Lee's firm shifts capital to share buybacks

Solana gets its first Strategy STRC product through Solstice Finance

Crypto exchange Coinsbuy loses $8 million in coordinated two-blockchain attack