Key Highlights
- Digital Asset Holdings secures approximately $300M funding at roughly $2B valuation with a16z crypto leading
- The funding follows previous raises of $135M in June 2025 and $50M in December 2025
- Canton Network records more than $6 trillion in processed tokenized assets
- Major institutional participants include Goldman Sachs, Visa, DTCC, Citadel Securities, and Nasdaq
- a16z crypto completed a $2.2B fund raise days earlier before spearheading this investment
Digital Asset Holdings, the enterprise operating Canton Network, has entered discussions to secure approximately $300 million in funding at a valuation near $2 billion. According to Bloomberg’s sources with direct knowledge of the negotiations, a16z crypto will spearhead the investment round.
🚨DIGITAL ASSET SAID TO RAISE $300M AT $2B VALUATION
Digital Asset, the company behind Canton Network, is reportedly raising about $300 million at a $2 billion valuation, per Bloomberg.
Once confirmed, this would be the company’s biggest fundraise yet, as Canton continues to… pic.twitter.com/byYBZJdLrH
— Coin Bureau (@coinbureau) May 10, 2026
The transaction timeline points toward completion within the upcoming weeks. Public statements from Digital Asset and a16z remain pending regarding the reported funding.
This funding round represents Digital Asset’s most significant capital raise. The company completed a $135 million raise during June 2025, with DRW Venture Capital and Tradeweb Markets serving as lead investors. That financing round drew participation from Goldman Sachs, Citadel Securities, and DTCC.
Digital Asset secured an additional $50 million during December 2025. BNY Mellon, Nasdaq, S&P Global, and iCapital supported that capital injection.
Canton Network operates as a Layer 1 blockchain platform designed specifically for financial institutions. The network features adjustable privacy capabilities and enables smart contract deployment through Daml, Digital Asset’s open-source programming language.
The platform has facilitated the issuance or processing of more than $6 trillion in tokenized assets since inception.
Institutional Momentum Accelerates
Visa achieved Canton Super Validator status in March 2026, representing the payments leader’s inaugural blockchain governance position. During April, Visa incorporated Canton into its stablecoin settlement testing program, joining Base, Polygon, Arc, and Tempo.
Moody’s launched its ratings data infrastructure directly on Canton Network in March 2026. The credit ratings agency became the pioneering firm to distribute data through blockchain channels.
Japan Securities Clearing Corporation initiated government bond testing on the platform during April. The experimental phase examines whether Japanese government bond ownership can migrate onchain and function as digital collateral instruments.
Swiss cryptocurrency bank Amina revealed custody and trading capabilities for Canton Coin in early May. Amina holds the distinction as the first FINMA-regulated Swiss bank offering support for the token.
During December 2025, Digital Asset, Canton Network, and DTCC unveiled their collaboration to tokenize DTCC-held assets. DTCC manages approximately $114 trillion in liquid assets and aims to launch tokenized trading pilots in July 2026, with comprehensive deployment scheduled for October.
a16z Crypto’s Strategic Expansion
The funding announcement arrives shortly after a16z crypto revealed completion of its $2.2 billion fund, marking the firm’s fifth dedicated cryptocurrency investment vehicle. The firm has accumulated roughly $10 billion in aggregate crypto capital commitments throughout its fund portfolio.
A16z general partner Ali Yahya emphasized in January that privacy represents the essential missing component preventing global finance from transitioning entirely onchain. Canton’s infrastructure-level privacy architecture aligns directly with that strategic perspective.
Cryptocurrency venture capital activity has experienced contraction. Deal volumes declined from 427 transactions in Q1 2025 to merely 97 deals in Q1 2026. Several established crypto investors have redirected attention toward AI and robotics sectors.
Within this environment, substantial funds continue capital deployment. Haun Ventures finalized a $1 billion fundraise during the previous week, while a16z’s recent fund closure demonstrates continued engagement from leading industry participants.
