TLDR
- Digital Asset raises $355M to scale Canton Network for finance.
- A16z crypto leads the round with a $100M funding commitment.
- Canton Network targets private settlement for tokenized assets.
- Wall Street firms deepen backing for Digital Asset’s blockchain push.
- Fresh capital supports partnerships, acquisitions, and ecosystem growth.
Digital Asset secured $355 million in fresh funding to expand Canton Network across institutional finance. A16z crypto led the round with a $100 million commitment. The raise values the blockchain infrastructure firm at about $2 billion.
A16z Leads Digital Asset Funding Round
The new round drew support from several major financial and market firms. Backers included 7RIDGE, Citadel Securities, Optiver, Apollo, BNP Paribas, CME Ventures, Coinbase Ventures, HSBC, and ADIA. The funding also expands Wall Street’s exposure to permissioned blockchain infrastructure.
Digital Asset plans to use the capital for partnerships, acquisitions, and ecosystem growth. The company will also scale Canton Network for tokenized assets and financial settlement. As a result, the raise strengthens its position in regulated blockchain markets.
The deal follows earlier reports that Digital Asset sought about $300 million at a similar valuation. However, the final round exceeded that target and reached $355 million. The outcome shows continued demand for blockchain systems built for institutional use.
Canton Network Targets Tokenized Finance
Canton Network operates as a layer one blockchain for financial institutions. It supports tokenized securities, settlement workflows, and private smart contract applications. Digital Asset built the network for firms that need privacy and control.
The platform allows market participants to share settlement while keeping selected data private. This structure helps banks, exchanges, and asset managers protect sensitive trading information. Therefore, Canton addresses a major barrier facing public blockchain adoption in finance.
Major institutions have already tested Canton for financial market use cases. These include Goldman Sachs, BNY Mellon, BNP Paribas, Standard Chartered, Société Générale, and Deutsche Börse. Digital Asset has positioned those pilots as proof of institutional demand.
Wall Street Backing Builds Over Time
Digital Asset has built its funding base through several strategic rounds. In June 2025, it raised $135 million from DRW Venture Capital, Tradeweb, Citadel Securities, IMC, Optiver, and Goldman Sachs. Later that year, it secured $50 million from BNY Mellon, Nasdaq, S&P Global and iCapital.
The company also raised more than $120 million in 2021 from 7RIDGE and Eldridge. Earlier backers included JPMorgan, Citi, Deutsche Börse, Goldman Sachs, IBM, Samsung, and Salesforce. These rounds gave Digital Asset deep links across banks, exchanges, and technology firms.
Digital Asset now enters a stronger phase as tokenization gains traction across finance. Banks and market operators continue testing bonds, collateral, funds, and settlement tools on blockchain rails. The latest funding gives Canton Network more capital for that expansion.
