Digital Asset seeks $300M at $2B valuation with a16z crypto leading the round!

Digital Asset Holdings, the company behind the Canton Network blockchain, is seeking approximately $300 million in fresh capital at a roughly $2 billion valuation, with Andreessen Horowitz's a16z crypto among the prospective investors, Bloomberg reported. The round, advised by FT Partners, is expected to close within weeks, though the final amount may vary.

The raise follows an estimated $50 million strategic investment in late 2025 from BNY and Nasdaq, alongside existing backers DRW and Citadel Securities — a roster that signals Canton Network's deep roots in institutional finance. For a16z, participation would mark its first major deployment from the $2.2 billion crypto fund it closed just last week, bringing its total sector capital to nearly $10 billion across five funds.

Canton Network itself has been racking up real-world milestones. In February, a group of global financial…