Report: Canton Network Developer Digital Asset Seeks $300M From A16z Crypto

"Digital Asset Holdings, the New York-based company behind the Canton Network, is in advanced talks to raise roughly $300 million at a valuation of approximately $2 billion, with Andreessen Horowitz's A16z crypto leading the round."

"Canton Network has processed over $6 trillion in tokenized assets, drawing Visa, DTCC, and Goldman Sachs as institutional validators. Digital Asset plans to use fresh capital to scale the Canton Network ecosystem as the RWA tokenization sector accelerates into 2026."

"The Canton Network is built for institutional finance. It gives participating firms configurable, protocol-level privacy, meaning counterparties share only the data required to settle a transaction. This is a meaningful distinction from fully transparent chains like Ethereum or Solana, where all transaction data is publicly visible."

"The round has not closed, and its final size and terms could still change. Investment bank FT Partners is advising Digital Asset on the deal. Neither the company nor A16z Crypto has publicly commented, according to Bloomberg, which first reported on the news."

Digital Asset Holdings, based in New York, is in advanced talks to raise about $300 million at an estimated $2 billion valuation, with A16z crypto leading the round. The Canton Network has processed more than $6 trillion in tokenized assets and includes institutional validators such as Visa, DTCC, and Goldman Sachs. The company plans to use new capital to scale the Canton Network ecosystem as real-world asset tokenization accelerates into 2026. The funding round has not closed, and final size and terms may change. Digital Asset is advised by FT Partners. The Canton Network is a public Layer 1 blockchain launched in 2023 and designed for institutional finance with configurable, protocol-level privacy that shares only required data for settlement.

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