Digital Asset raises $355 M to expand Canton Network for Wall Street

Digital Asset, the creator of the Canton Network blockchain, announced a $355 million financing round led by Andreessen Horowitz’s crypto fund a16z crypto【1】. The new capital will be used to scale the permissioned network and deepen partnerships with banks, exchanges and other financial institutions【2】.

Key takeaways

• The round valued Digital Asset at roughly $2 billion and included investors such as Citadel Securities, the Abu Dhabi Investment Authority and HSBC【1】.
• Canton Network has already supported about $6 trillion of tokenized issuance, targeting banks, asset managers and market makers【1】.
• The funding will fund ecosystem expansion, developer engagement and further strategic acquisitions【1】.
• Major firms—including Goldman Sachs, BNP Paribas and Deutsche Börse—have piloted Canton, and Visa joined as a Super Validator in March 2026【1】.
• Digital Asset’s total funding now exceeds $490 million, with prior rounds in 2025 and 2021 backing its growth【3】.

Scaling a permissioned blockchain for regulated finance

Digital Asset’s Canton Network is a layer‑1, permissioned blockchain built to handle tokenized assets while preserving privacy for sensitive financial data【1】. Its two‑tier consensus model is designed for horizontal scaling, allowing institutions to keep selected information confidential while still achieving shared settlement across market participants【1】. The company says the platform enables “mission‑critical infrastructure” to move on‑chain faster, a claim echoed by CEO Yuval Rooz, who highlighted Canton’s design for regulated finance from day one【2】.

The June 11, 2026 announcement lists a broad set of backers, ranging from traditional banks (BNP Paribas, HSBC) to crypto‑native investors (Coinbase Ventures, Polychain) and sovereign wealth funds (Abu Dhabi Investment Authority)【4】. This diverse investor base underscores the network’s “network of networks” approach, which lets participants retain full control over assets they issue on the chain【3】.

Why it matters

Canton’s growing adoption signals a shift toward private‑chain solutions for real‑world assets, as institutions seek blockchain infrastructure that aligns with existing compliance and confidentiality requirements【1】. With $6 trillion of tokenized issuance already processed on the network, the fresh $355 million infusion aims to accelerate partnerships, expand developer tools and support further network growth【1】. As Wall Street firms continue to pilot tokenized bonds, money‑market funds and collateral workflows, the success of Canton could set a template for how regulated finance integrates blockchain technology.