What is Canton Network?

Canton Network is a permissioned blockchain platform designed for financial institutions and regulated markets. The network focuses on privacy, compliance and tokenisation infrastructure for assets such as bonds, securities and collateral.

Why is Digital Asset Holdings raising $300 million?

Digital Asset Holdings is reportedly seeking fresh funding to expand the Canton Network and accelerate institutional blockchain adoption. The company is reportedly targeting a valuation of about $2 billion in the new financing round.

Why is a16z Crypto backing the Canton Network?

a16z Crypto has invested heavily in blockchain infrastructure and tokenisation projects tied to institutional finance. Canton Network’s focus on regulated financial markets aligns with growing interest in bringing traditional assets onchain.

What makes Canton Network different from public blockchains like Ethereum?

Unlike open public blockchains, Canton Network is permissioned, meaning participants are approved institutions rather than anonymous users. The design prioritises privacy, compliance and interoperability for banks and financial firms.

Why are financial institutions interested in tokenisation?

Tokenisation allows traditional assets such as bonds, funds and securities to move on blockchain infrastructure with faster settlement and improved efficiency. Many institutions believe tokenised assets could reduce costs and modernise financial market operations.

What role does DTCC play in the Canton Network ecosystem?

Depository Trust & Clearing Corporation partnered with Digital Asset to explore tokenisation of assets custodied on the network. DTCC plans to pilot tokenised trading for some of its $114 trillion in liquid assets beginning in July.

Why is Moody’s deploying ratings data onchain important?

Moody's became the first major credit ratings agency to publish ratings data directly on a blockchain network. This could allow institutions to integrate credit information directly into automated blockchain-based financial workflows.

Canton Network creator seeks $300M raise

Q: What is Japan Securities Clearing Corporation testing on Canton?

Japan Securities Clearing Corporation is testing whether government bond ownership can be transferred and used as collateral onchain. The experiment highlights growing interest in blockchain-based settlement systems among traditional financial institutions.

Written by Mahathir BayenaPublished May. 11 2026

Digital Asset Holdings, the developer behind the Canton Network blockchain platform, is reportedly seeking to raise $300 million in fresh funding at a valuation of roughly $2 billion.

The funding round is expected to be led by a16z Crypto and could close within several weeks, according to a Bloomberg report citing people familiar with the matter.

The reported capital raise comes less than a year after Digital Asset secured $135 million in a strategic funding round backed by DRW Venture Capital and Tradeweb Markets.

Canton Network is designed as a permissioned blockchain network tailored for financial institutions, focusing on privacy, compliance and tokenisation infrastructure for traditional financial markets.

In December, Digital Asset partnered with Depository Trust & Clearing Corporation to support tokenisation of DTCC-custodied assets on Canton, while DTCC recently announced plans to pilot tokenised trading for some of its $114 trillion in custodied liquid assets beginning in July.

Institutional adoption of the network has continued expanding, with Moody's deploying ratings data onchain in March and Japan Securities Clearing Corporation testing tokenised government bond transfers and collateral systems on the platform in April.

Amina Bank also recently became the first FINMA-regulated Swiss bank to announce custody and trading support for Canton Coin, the network’s utility token.

At the time of reporting, Canton price was $0.1563.