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.
AI Summary
Digital Asset Holdings, creator of the Canton Network blockchain, is raising approximately $300 million at a $2 billion valuation, with a16z crypto among the lead investors. The funding round, advised by FT Partners, is expected to close within weeks and follows a $50 million strategic investment in late 2025 from BNY and Nasdaq, alongside existing backers DRW and Citadel Securities. Canton Network is a privacy-enabled blockchain designed to connect tokenized assets across financial institutions and recently facilitated the first cross-border intraday repo using tokenized U.K. gilts.