Digital Asset Holdings has closed a $355 million funding round led by Andreessen Horowitz's crypto fund a16z Crypto, which contributed $100 million. Other investors include Citadel Securities, Apollo, BNP Paribas, CME Ventures, Coinbase Ventures, HSBC, Optiver, and the Abu Dhabi Investment Authority. The raise follows reports in May that the company was seeking roughly $300 million at a valuation near $2 billion.
a16z leads, traditional giants follow
Digital Asset plans to use the proceeds for partnerships, acquisitions, and ecosystem expansion. Its flagship platform, Canton Network, is a layer-1 blockchain purpose-built for financial institutions and tokenized assets. The network allows users to keep selected data private while enabling shared settlement across diverse market participants.
Canton employs a two-tier consensus model designed for horizontal scaling and smart contract interoperability across connected applications. This privacy-first architecture targets banks, asset managers, exchanges, and market makers that cannot operate on fully transparent public chains for sensitive activities.
Canton Network processes $6 trillion in tokenized issuance
According to public data, the Canton Network has already supported $6 trillion in tokenized issuance. The network focuses on real-world assets, settlement, collateral movement, and other institutional use cases. In March 2026, Visa joined Canton as a Super Validator and later integrated Canton into its stablecoin settlement pilot.
Prior to this round, Digital Asset raised $50 million in 2025 from backers including Nasdaq and Bank of New York Mellon. Another strategic round of $135 million counted Goldman Sachs, Citadel Securities, DTCC, BNP Paribas, and Tradeweb Markets among its investors.
Wall Street deepens bet on tokenization infrastructure
Major financial firms are accelerating their push into tokenization. Banks and market operators are testing bonds, money market funds, collateral, and settlement tools on blockchain rails. Digital Asset remains privately held. The latest $355 million raise shows that institutional blockchain infrastructure continues to draw large capital commitments even as broader crypto markets remain uneven.