Digital Asset Holdings Secures $300M Led by a16z Crypto, Valuing Canton Network at $2B

Digital Asset Holdings, the firm behind institutional blockchain platform Canton Network, is finalizing a $300 million funding round at a $2 billion valuation. Andreessen Horowitz's crypto arm (a16z) leads the investment, marking its second major blockchain commitment after recently closing a $2.2 billion fund.

The Canton Network has emerged as a key infrastructure layer for traditional finance, processing over $6 trillion in tokenized assets since launch. Its consortium includes Wall Street heavyweights like Goldman Sachs, Citadel Securities, and DTCC—all repeat investors in Digital Asset's successive funding rounds.

This capital injection follows $135 million and $50 million raises in 2025, demonstrating accelerating institutional demand for blockchain-based settlement solutions. The network's growth mirrors broader trends of asset tokenization and interoperability protocols gaining traction among regulated entities.