Digital Asset Raises $355M in A16z-Led Round at $2B Valuation
The funding will help Digital Asset expand a permissioned blockchain that lets banks tokenize and settle assets with privacy and compliance built in.
- On Thursday, Digital Asset closed a $355 million fundraising round led by Andreessen Horowitz, valuing the blockchain development firm at $2 billion to scale the Canton Network platform.
- The Canton Network allows major financial institutions to issue and trade tokenized real-world assets on a shared ledger, combining public blockchain decentralization with privacy and compliance safeguards required by traditional finance.
- A16z crypto contributed $100 million alongside global investors including the Abu Dhabi Investment Authority, Citadel Securities, Optiver, ABN Amro, BNP Paribas, HSBC, and SBI Group, extending Wall Street's backing of regulated blockchain infrastructure.
- Digital Asset CEO Yuval Rooz said the capital will "accelerate strategic partnerships and help major financial institutions move mission-critical infrastructure onchain faster," emphasizing the platform's built-in compliance and privacy design.
- Ali Yahya, general partner at a16z crypto, stated, "One of the most compelling blockchain opportunities is no longer theoretical; it is emerging as real-world assets and institutional workflows move onchain.
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Canton Network developer Digital Asset raises $355 million to bring capital markets onchain
The investment comes as blockchains designed for big banks and institutions are having a moment, with Stripe's Tempo and Circle's Arc raising hundreds of millions of dollars.
Digital Asset Raises $355m
Led by a16z crypto, the new funding will support the adoption of Canton across regulated financial markets Digital Asset (DA), the creator of Canton, announced a $355 million funding round led by Andreessen Horowitz’s crypto fund, a16z crypto, with participation from leading institutions across traditional and decentralized finance, including 7RIDGE, ABN Amro, the Abu Dhabi Investment Authority (through a wholly owned subsidiary), Alumni Venture…
Digital Asset Raises $355 Million In Funding Led By a16z Crypto
Digital Asset raised $355 million in a new funding round led by a16z crypto, reaching a roughly $2 billion valuation with participation from major TradFi institutions and crypto investors. The capital will accelerate growth of its Canton Network, a privacy focused blockchain enabling tokenized real world assets and efficient on-chain capital markets infrastructure. Digital Asset Holdings, the company behind the Canton Network, has raised $355 mi…
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