Canton Network’s Digital Asset targets $2 billion valuation in a16z crypto-led raise: Bloomberg
Complete. Here is the key summaryDigital 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.
- 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.