Digital Asset lands $355M as a16z doubles down on Wall Street blockchain rails
Digital Asset Holdings raised $355 million in a new funding round led by Andreessen Horowitz’s crypto arm, valuing the company at about $2 billion. The round included participation from 7RIDGE, the Abu Dhabi Investment Authority, Citadel Securities, and Optiver. The money will support expansion of the Canton Network, a permissioned blockchain built for financial institutions to tokenize and settle traditional assets while keeping sensitive data private. Canton has already been tested by major firms including Goldman Sachs, BNY Mellon, BNP Paribas, Standard Chartered, Société Générale, and Deutsche Börse. The raise adds to a series of Wall Street-backed financings over the past several years, underscoring growing institutional interest in blockchain infrastructure.
