Report: Canton Network Developer Digital Asset Seeks $300M From A16z Crypto
Key receivers
A16z crypto led a ~$300 million round by Digital Asset Holdings, valuing the company at ~$2 billion, according to Bloomberg.Canton Network has processed more than $6 trillion in alternative assets, featuring Visa, DTCC and Goldman Sachs as institutional underwriters.As the RWA tokenization sector accelerates to 2026, Digital Asset plans to use the fresh capital to grow the Canton Network ecosystem.
Digital Asset Eyes $300M round led by A16z Crypto At a cost of $2B
The round is not closed, and the final amount and terms are still subject to change. Investment bank FT Partners is advising Digital Asset on the deal. Neither the company nor A16z Crypto He made an official comment as reported by Bloomberg, which first reported on the news.
If completed, the raise would mark the largest single funding round in digital asset history. October 2014 by Yuval Roos, Eric Saraniecki, Shaul Kfir, Sunil Hirani and Don R.
He is known for creating digital assets, open source Smart contract Language purpose-built for financial applications and to develop the Cantonese network, public Layer 1 blockchain In the year It launched in 2023 with Goldman Sachs, Deutsche Börse, BNP Paribas and others.
Canton Network is built for institutional finance. It provides organizations with configurable, protocol-level privacy, meaning partners share only the data needed to resolve the transaction. This is a significant difference from Ethereum or completely transparent chains SolanaWhere all transaction data is publicly viewable.
Managed by the Canton Foundation, the network's Global Synchronizer enables real-time synchronization of assets and data across applications and subnets without relying on bridges. Institutions use it for real-world assets, repo financing, collateral mobility and settlement workflows.
Adoption has grown on Wall Street. Visa joined in March 2026 as the first payment company to serve as a super authenticator and added Canton to it. A stable coin Settlement pilot. DTCC has announced a partnership with Digital Asset to introduce DTC-backed US Treasuries, targeting 2026. HSBC, S&P Global, BNY Mellon, Citadel Securities, Nasdaq and Euroclear are among the active participants and validators on the network. To date, Canton has developed or issued more than $6 trillion in token assets.
Digital Asset's early major advances include an approximately $135 million strategic round led by DRW Venture Capital and TradeWeb Markets in June 2025, with Goldman Sachs, Citadel Securities, DTCC and BNP Paribas, followed by an approximately $50 million extension in December 2025 from BNY, Global Mellon, Nasdaq.
A16z Crypto closed the $2.2 billion crypto fund V earlier this year, bringing its total dedicated crypto capital across five funds to nearly $10 billion. The firm has identified protocol-level privacy as a lost potential that has slowed adoption of blockchain in regulated financial markets. That thesis aligns directly with what Digital Assets and the Canton Network are built to deliver.
Fresh Capital will enable the digital asset scale developer to add tools, subnets, expand the onboarding ecosystem and push further into cross-border pilots and global collateral network applications. The company remains privately held.
The wider tokenization market has attracted significant institutional attention in 2026, with banks, custodians and index providers actively operating on-chain. Digital Asset is positioning Canton as an infrastructure that compliant, privacy-conscious institutions can truly use.
The round is not complete. More details are expected in the coming weeks.
