a16z Crypto Leads $300M Round in Canton Network Builder Digital Asset at $2B Valuation!

Digital Asset Holdings, the company behind the Canton Network, is in talks to raise roughly $300 million at a valuation of around $2 billion, Bloomberg reported Sunday. The round is being led by Andreessen Horowitz's a16z crypto arm and is expected to close within weeks, though the final figure remains subject to change.

The raise would be Digital Asset's largest funding round to date — a meaningful milestone for a firm that has spent years building institutional-grade blockchain infrastructure. The Canton Network has already drawn in heavyweights including Visa, Goldman Sachs, and the DTCC, signalling that TradFi's appetite for permissioned, interoperable ledger infrastructure is real and growing.

For a16z crypto, the lead position reinforces a consistent thesis: that the next wave of blockchain adoption runs through institutional settlement rails, not retail speculation.