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Sources acquainted with the substance told Bloomberg the fundraiser is expected to adjacent successful the coming weeks and the last magnitude mightiness vary.
May 11, 2026, 10:14 a.m. 1 min read
Digital Asset Holdings, the institution down the blockchain institution Canton Network is seeking $300 cardinal astatine a $2 cardinal valuation. ( Shubham Dhage/Unsplash)What to know:
- Digital Asset Holdings, creator of the Canton Network blockchain utilized by large fiscal institutions, is seeking astir $300 cardinal astatine a astir $2 cardinal valuation, with a16z crypto among the prospective investors, according to Bloomberg.
- The backing round, advised by concern slope FT Partners, follows an estimated $50 cardinal strategical concern successful precocious 2025 from firms including BNY and Nasdaq, alongside existing backers DRW and Citadel Securities.
- Canton Network, a privacy-enabled blockchain for connecting tokenized assets crossed fiscal institutions, precocious facilitated the archetypal cross-border intraday repo utilizing tokenized U.K. gilts.
Digital Asset Holdings, the institution down the Canton Network blockchain utilized by respective large banks and trading firms, is seeking $300 cardinal from investors including Andreessen Horowitz’s a16z crypto astatine a astir $2 cardinal valuation, according to Bloomberg.
The backing circular is expected to adjacent successful the adjacent fewer weeks, and the magnitude raised could vary, radical acquainted with the substance told Bloomberg.
The sources said concern banking institution FT Partners is consulting Digital Asset connected the backing round.
Digital Asset Holding, Canton Network and a16z crypto did not respond to a CoinDesk petition for remark and confirmation.
The Canton Network is simply a privacy-enabled blockchain infrastructure whose intent is to link fiscal institutions and their tokenized assets crossed interoperable, permissioned applications.
In February, it revealed that a radical of planetary fiscal firms completed the archetypal cross-border, intraday repurchase statement utilizing tokenized British authorities bonds connected its blockchain. The transaction was the archetypal clip integer versions of gilts, a $2 trillion market, had been utilized successful an intraday repo crossed borders.
Digital Asset received backing estimated astatine astir $50 cardinal successful precocious 2025 from investors, including Bank of New York Mellon and Nasdaq. Existing backers besides see DRW and Citadel Securities.
For Andreessen Horowitz, information successful this fundraising circular could beryllium its archetypal since raising $2.2 billion a week agone for its latest crypto fund, taking its full superior dedicated to the assemblage to conscionable shy of $10 cardinal crossed 5 funds.
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