Report: Canton Network Developer Digital Asset Seeks $300M From A16z Crypto

Digital Asset Eyes $300M Round Led by A16z Crypto astatine $2B Valuation

The circular has not closed, and its last size and presumption could inactive change. Investment slope FT Partners is advising Digital Asset connected the deal. Neither the institution nor A16z Crypto has publically commented, according to Bloomberg, which archetypal reported connected the news.

If completed, the rise would people the largest azygous backing circular successful Digital Asset’s history. The company, founded successful October 2014 by Yuval Rooz, Eric Saraniecki, Shaul Kfir, Sunil Hirani, and Don R. Wilson of DRW, has spent much than a decennary gathering distributed ledger exertion for organization superior markets.

Digital Asset is champion known for creating Daml, an open-source smart contract connection purpose-built for fiscal applications, and for processing the Canton Network, a nationalist Layer 1 blockchain launched successful 2023 alongside Goldman Sachs, Deutsche Börse, BNP Paribas, and others.

The Canton Network is built for organization finance. It gives participating firms configurable, protocol-level privacy, meaning counterparties stock lone the information required to settee a transaction. This is simply a meaningful favoritism from afloat transparent chains similar Ethereum oregon Solana, wherever each transaction information is publically visible.

The network’s Global Synchronizer, governed by the Canton Foundation, enables real-time synchronization of assets and information crossed applications and subnets without relying connected bridges. Institutions usage it for tokenized real-world assets, repo financing, collateral mobility, and colony workflows.

Adoption has grown crossed Wall Street. Visa joined arsenic the archetypal payments institution to service arsenic a Super Validator successful March 2026 and added Canton to its stablecoin colony pilot. The DTCC announced a collaboration with Digital Asset to tokenize DTC-custodied U.S. Treasuries, targeting 2026. HSBC, S&P Global, BNY Mellon, Citadel Securities, Nasdaq, and Euroclear are among the participants and validators progressive connected the network. To date, Canton has processed oregon issued implicit $6 trillion successful tokenized assets.

Digital Asset’s anterior large raises see a astir $135 cardinal strategical circular successful June 2025 led by DRW Venture Capital and Tradeweb Markets, with information from Goldman Sachs, Citadel Securities, DTCC, and BNP Paribas, followed by a astir $50 cardinal hold successful December 2025 from BNY Mellon, Nasdaq, S&P Global, and iCapital.

A16z Crypto closed its $2.2 cardinal Crypto Fund V earlier this year, bringing its full dedicated crypto superior to astir $10 cardinal crossed 5 funds. The steadfast has publically identified protocol-level privateness arsenic a missing capableness that has slowed blockchain adoption successful regulated fiscal markets. That thesis aligns straight with what Digital Asset and the Canton Network are built to deliver.

Fresh superior would fto Digital Asset standard developer tools, adhd subnets, grow ecosystem onboarding, and propulsion further into cross-border pilots and planetary collateral web applications. The institution remains privately held.

The broader tokenization marketplace has attracted important organization attraction successful 2026, with banks, custodians, and scale providers actively moving assets on-chain. Digital Asset is positioning Canton arsenic the compliant, privacy-preserving infrastructure that regulated institutions tin really use.

The circular is not finalized. Additional details are expected successful the coming weeks.