Digital Asset is raising $300 million at a $2 billion valuation, with a16z crypto leading the round.

CoinFeed reported on May 11 that, according to Bloomberg citing sources familiar with the matter, Digital Asset Holdings LLC, the developer of Canton Network, is raising funds at a valuation of approximately $2 billion. a16z crypto led the round, raising approximately $300 million, and the funding is expected to close in the coming weeks. Canton Network is a public blockchain that allows users to retain some privacy of their information and is positioned for mainstream financial transactions. Digital Asset previously completed a $135 million funding round in June 2025, led by DRW Venture Capital and Tradeweb Markets; in December of the same year, it raised another $50 million from institutions including Bank of New York Mellon, Nasdaq, and S&P Global.