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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.
May 11, 2026, 10:14 a.m. 1 min read
What to know:
- 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.
The sources said investment banking company FT Partners is consulting Digital Asset on the funding round.
Digital Asset Holding, Canton Network and a16z crypto did not respond to a CoinDesk request for comment and confirmation.
The Canton Network is a privacy-enabled blockchain infrastructure whose purpose is to connect financial institutions and their tokenized assets across interoperable, permissioned applications.
In February, it revealed that a group of global financial firms completed the first cross-border, intraday repurchase agreement using tokenized British government bonds on its blockchain. The transaction was the first time digital versions of gilts, a $2 trillion market, had been used in an intraday repo across borders.
