Digital Asset Holdings Raises $300M at $2B Valuation

Digital Asset Holdings, the company behind the Canton Network blockchain, is raising approximately $300 million at a roughly $2 billion valuation in a funding round led by Andreessen Horowitz's crypto arm, according to people familiar with the matter. The deal could close in the coming weeks, though final terms may change.

The proposed round represents a significant increase from prior financings. In June 2025, Digital Asset secured $135 million led by DRW Venture Capital and Tradeweb Markets, with participation from Goldman Sachs, Citadel Securities, and the Depository Trust & Clearing Corporation. A follow-on raise of $50 million came in December 2025 from BNY Mellon, Nasdaq, S&P Global, and iCapital.

Canton Network is a public, permissionless Layer 1 blockchain designed for institutional finance, featuring configurable privacy controls to keep transaction data confidential among parties. It supports smart contracts written in the company's open-source language, Daml, and has processed or issued more than $6 trillion in tokenized assets.

The network has seen growing adoption among financial institutions. In December, Digital Asset and the Canton Network partnered with the DTCC...