Digital Asset Holdings is reportedly seeking to raise $300 million at a valuation of nearly $2 billion as institutional interest in blockchain based financial infrastructure continues to grow.
Key Takeaways
- Digital Asset Holdings is reportedly raising around $300 million at a $2 billion valuation.
- The funding round is reportedly being led by Andreessen Horowitz’s a16z crypto.
- Canton Network continues to attract major financial institutions including Visa, Goldman Sachs, DTCC, Nasdaq, and BNY Mellon.
- The company is positioning Canton as a privacy focused blockchain network for regulated financial markets and tokenized assets.
What Happened?
Digital Asset Holdings, the company behind the Canton Network, is reportedly in talks to secure a fresh funding round worth about $300 million, according to Bloomberg. The report stated that the financing round is expected to value the company at around $2 billion.
The funding round is said to be led by a16z crypto, the digital asset investment arm of Andreessen Horowitz, and could close within the next few weeks if finalized.
@CantonNetwork Developer Digital Asset Holdings Looking to raise $300M at the valuation of $2B. The Founding round is reportedly led by a16z crypto. pic.twitter.com/u6aJT31dnq
— CoinLaw (@coinlaw_io) May 11, 2026
Digital Asset Pushes for Larger Institutional Expansion
Founded in 2014, Digital Asset has focused on building blockchain infrastructure specifically designed for financial institutions. The company’s main product, the Canton Network, is a public blockchain that includes configurable privacy tools allowing institutions to keep sensitive transaction details confidential while still operating on shared infrastructure.
This privacy focused approach has become one of Canton’s biggest selling points as banks and financial firms continue exploring tokenized assets and blockchain based settlement systems.
According to available reports, more than $6 trillion in tokenized assets have already been issued or processed through the Canton ecosystem. The network also supports smart contracts through Daml, Digital Asset’s open source programming language.
Major Financial Institutions Back Canton Network
Over the past year, Canton has attracted support from several large financial institutions and trading firms.
In June 2025, Digital Asset raised $135 million in a funding round led by DRW Venture Capital and Tradeweb Markets. The round also included participation from Goldman Sachs, Citadel Securities, and DTCC.
Later in December 2025, the company secured another $50 million from investors including BNY Mellon, Nasdaq, S&P Global, and iCapital.
Institutional participation has also expanded beyond investment activity. In March 2026, Visa joined the Canton Network as a Super Validator, becoming one of roughly 40 entities helping maintain and secure the blockchain network.
Visa later added Canton to its stablecoin settlement pilot in April alongside blockchain networks and infrastructure providers including Base, Polygon, Arc, and Tempo.
Some existing investors have also participated in governance activities through the Global Synchronizer Foundation, which helps coordinate operations across the network.
Institutional Blockchain Interest Continues to Rise
The reported funding talks come as interest in tokenized finance and blockchain based settlement systems continues to increase among traditional financial firms.
Recent reports also suggest that DTCC plans to begin testing tokenized securities activity later this year, with pilot programs expected to start in July before a broader rollout targeted for October.
Canton has additionally built relationships with firms and organizations including Moody’s, Japan Securities Clearing Corporation, and Swiss crypto bank Amina.
The company’s focus remains heavily centered on regulated financial markets rather than retail crypto trading. Canton’s architecture is designed to support payments, settlements, and tokenized assets where confidentiality and compliance are critical requirements.
a16z Crypto Doubles Down on Blockchain Infrastructure
The reported investment also follows a recent announcement from a16z crypto, which revealed a new $2.2 billion crypto fund earlier this month. The new fund reportedly brings the firm’s total crypto focused capital to nearly $10 billion across multiple investment vehicles.
The investment firm has repeatedly argued that privacy remains one of the biggest missing pieces preventing global financial markets from fully moving onto blockchain infrastructure.
That thesis appears to align closely with Canton’s privacy focused design and institutional strategy.
At the same time, Bloomberg reported that overall crypto venture funding dropped to its lowest level since June 2025 last month, as some venture firms shifted attention toward sectors like artificial intelligence and robotics.
Despite that broader slowdown, Digital Asset’s reported funding talks suggest institutional blockchain infrastructure continues attracting major investor interest.
CoinLaw’s Takeaway
In my experience, the biggest challenge for institutional crypto adoption has never been blockchain speed or scalability. It has always been privacy and compliance. Traditional financial firms simply cannot operate sensitive trades on fully transparent public systems.
That is why I think Canton Network is getting serious attention from both Wall Street firms and crypto focused investors. I found it notable that companies like Visa, DTCC, Nasdaq, and Goldman Sachs are not just investing financially but also participating in governance and infrastructure roles. That signals long term interest rather than short term experimentation.
If Digital Asset successfully closes this funding round, it could become one of the clearest examples yet that institutional blockchain infrastructure remains one of the strongest sectors inside the crypto industry.
