Digital Asset Holdings Seeks $300 Million At $2 Billion Valuation Led By a16z Crypto

Digital Asset Holdings, the company behind the Canton Network blockchain used by several major banks and trading firms, is seeking $300 million from investors including Andreessen Horowitz’s a16z crypto at a roughly $2 billion valuation, according to Bloomberg as cited by Cryptonews.net.

“Canton Network’s Digital Asset targets $2 billion valuation in a16z crypto-led raise: Bloomberg Sources familiar with the matter told Bloomberg the fundraiser is expected to close in the coming weeks and the final amount might vary”

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Cryptonews.net also says the funding round is expected to close in the next few weeks, and that the amount raised could vary, with FT Partners consulting Digital Asset on the funding round.

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The Block reports that the round is being led by Andreessen Horowitz’s a16z crypto and is expected to close in the coming weeks, though the final amount could still change.

The Block adds that neither Digital Asset nor a16z responded to Bloomberg's requests for comment, and it frames the raise as a step up from Digital Asset’s prior fundraising.

Cryptonews.net notes that in February Canton Network revealed a group of global financial firms completed the first cross-border, intraday repurchase agreement using tokenized British government bonds on its blockchain.

The Block says the Canton Network is a public, permissionless Layer 1 blockchain built with configurable privacy features aimed at institutional finance, and it notes the network supports applications written in Digital Asset's open-source smart contract language, Daml.

Cryptonews.net adds that Canton Network is a privacy-enabled blockchain infrastructure whose purpose is to connect financial institutions and their tokenized assets across interoperable, permissioned applications.

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Cryptonews.net reports that Digital Asset received backing estimated at about $50 million in late 2025 from investors including Bank of New York Mellon and Nasdaq, and that existing backers also include DRW and Citadel Securities.

The Block links the institutional pitch to Visa’s role, saying Visa became a Canton Super Validator in March, marking the payments giant's first-ever blockchain governance proposal.

Cryptonews.net further says Visa added Canton to its stablecoin settlement pilot in April, alongside Base, Polygon, Arc, and Tempo.

Cryptonews.net says the deal comes as crypto venture funding overall has slowed, with quarterly deal counts falling from 427 in Q1 2025 to just 97 in Q1 2026.

“Table of Contents Digital Asset Holdings, the company behind Canton Network — a privacy-preserving public blockchain used by several major banks and trading firms — is raising approximately $300 million at a $2 billion valuation, with Andreessen Horowitz's crypto arm leading the round, according to Bloomberg”

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The Block similarly reports that quarterly venture investments fell to just 97 in Q1 2026 from 427 in the same quarter the prior year, and it adds that some funds have shifted attention toward AI and robotics.

Cryptonews.net says a16z crypto’s participation in the round could be its first since raising $2.2 billion a week ago for its latest crypto fund, taking its total capital dedicated to the sector to just shy of $10 billion across five funds.

The Block says the investment would come less than a week after a16z crypto announced it had raised $2.2 billion for its fifth crypto fund, bringing its total dedicated crypto capital to roughly $10 billion across five vehicles.

Cryptonews.net also says the round is expected to close in the next few weeks and that Digital Asset Holding, Canton Network and a16z crypto did not respond to a CoinDesk request for comment and confirmation.