Digital Asset lands $355M for Canton growth

Digital Asset has raised $355 million in a funding round led by Andreessen Horowitz's crypto arm, strengthening its position as a key provider of blockchain infrastructure for traditional financial institutions.

The round included a $100 million investment from a16z crypto alongside backing from 7RIDGE, the Abu Dhabi Investment Authority, Citadel Securities and Optiver, valuing the company at roughly $2 billion.

“We can now accelerate strategic partnerships and help major financial institutions move mission-critical infrastructure onchain faster,”

Said Digital Asset co-founder and chief executive, Yuval Rooz.

The company said the proceeds will be used to expand the Canton Network, a permissioned blockchain designed to support the tokenisation, settlement and management of traditional financial assets while maintaining data privacy.

Rooz said Canton was built specifically for regulated financial markets and allows institutions to retain control over their books and records, a requirement for moving critical financial infrastructure onchain.

The network has already been tested by major institutions including Goldman Sachs, BNY Mellon, BNP Paribas, Standard Chartered, Société Générale and Deutsche Börse.

The latest funding follows a $135 million raise in June 2025 and a $50 million strategic round in December 2025, extending a multi-year funding effort backed by major banks, trading firms and financial infrastructure providers.

Digital Asset has now attracted support from a broad group of investors including JPMorgan, Citi, Goldman Sachs, Nasdaq, S&P Global, IBM, Samsung and Salesforce as institutional adoption of tokenised financial assets continues to gain momentum.