---
title: "Canton Network’s Digital Asset targets $2 billion valuation in a16z crypto-led raise: Bloomberg"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285922804.md"
description: "Digital Asset Holdings is aiming to raise approximately $300 million at a valuation of around $2 billion, with a16z crypto as a potential investor. This funding round, advised by FT Partners, follows a $50 million strategic investment from firms like BNY and Nasdaq. The Canton Network, a blockchain for financial institutions, recently enabled the first cross-border intraday repo using tokenized U.K. gilts."
datetime: "2026-05-11T10:25:14.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285922804.md)
  - [en](https://longbridge.com/en/news/285922804.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285922804.md)
---

# Canton Network’s Digital Asset targets $2 billion valuation in a16z crypto-led raise: Bloomberg

-   Digital Asset Holdings, creator of the Canton Network blockchain used by major financial institutions, is seeking about $300 million at a roughly $2 billion valuation, with a16z crypto among the prospective investors, according to Bloomberg.
-   The funding round, advised by investment bank FT Partners, follows an estimated $50 million strategic investment in late 2025 from firms including BNY and Nasdaq, alongside existing backers DRW and Citadel Securities.
-   Canton Network, a privacy-enabled blockchain for connecting tokenized assets across financial institutions, recently facilitated the first cross-border intraday repo using tokenized U.K. gilts.

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