# Digital Asset Raises $355 Million to Expand Canton Network

**Published:** 2026-06-11T21:26:05.864Z  
**Topic:** Canton Network developer raises $355 million to bring Wall Street onchain  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/3ab89b04-45ac-4e07-a4b5-7237b17a6974

Digital Asset, the firm behind the Canton Network, secured $355 million in a funding round led by a16z to advance blockchain infrastructure for finance.

Digital Asset, the development firm behind the Canton Network, has secured $355 million in a new funding round to accelerate the integration of traditional capital markets onto blockchain infrastructure [1]. The investment, which exceeded the company's previously reported target of $300 million, was led by the a16z crypto fund [2].

**Key takeaways**
* The $355 million funding round was led by Andreessen Horowitz’s a16z crypto fund, which contributed $100 million [1].
* Participants in the round included major global institutions such as Citadel Securities, the Abu Dhabi Investment Authority, ABN Amro, Apollo Funds, BNP Paribas, HSBC, and SBI Group [2].
* Digital Asset creates enterprise-grade software to help financial institutions tokenize assets like bonds, loans, and funds on a shared, privacy-enabled ledger [1, 2].
* The company previously raised approximately $185 million across two funding rounds in 2025 [1].

## Scaling Institutional Blockchain Infrastructure
The Canton Network is designed as a "network of networks" that allows financial institutions to trade tokenized real-world assets while maintaining compliance and privacy [2, 3]. By combining the decentralization of public blockchains with the strict requirements of regulated finance, the platform aims to improve capital flow and market efficiency [1, 2]. Digital Asset CEO Yuval Rooz noted that for capital markets to successfully move on-chain, infrastructure must be built from the start to support institutional needs like scalability, interoperability, and legal compliance [2].

In addition to the financial backing, a16z crypto plans to provide Digital Asset with ongoing expertise in research, policy, and development [2]. The firm is currently collaborating with the Depository Trust & Clearing Corporation (DTCC) on a multi-year project to bring US Treasury securities onto blockchain infrastructure [1]. This initiative is intended to serve as a foundation for broader institutional tokenization efforts, eventually supporting a wider range of traditional financial assets [1].

## Why it matters
The significant capital injection reflects a broader trend of traditional financial institutions increasingly backing blockchain solutions tailored specifically for regulated markets [2]. This shift is marked by a growing interest in private or permissioned infrastructure that avoids the risks associated with open, public ledgers [2]. As firms like Digital Asset, Stripe, and Circle continue to secure hundreds of millions in funding, the development of "on-chain" capital markets is moving from a theoretical concept to an emerging reality in global finance [2]. The success of this latest round highlights the industry's focus on building the necessary plumbing for a future where bonds, equities, and commodities are traded on shared, compliant digital ledgers [2, 3].

## Sources
1. Crypto Briefing — [Canton creator Digital Asset secures $355 million from a16z, Citadel Securities and Abu Dhabi fund in latest raise](https://cryptobriefing.com/canton-creator-digital-asset-secures-355-million-a16z-citadel-securities-abu-dhabi/)
2. CoinDesk — [Canton Network developer raises $355 million to bring Wall Street onchain](https://www.coindesk.com/business/2026/06/11/canton-network-developer-raises-usd355-million-to-bring-wall-street-onchain)
3. Decrypt — [Wall Street Giants, Sovereign Wealth Fund Back Canton Network Creator in $355M Round](https://decrypt.co/370753/wall-street-giants-sovereign-wealth-fund-canton-creator-355m-round)

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Cite as: TrendWatcher, "Digital Asset Raises $355 Million to Expand Canton Network", https://www.trendwatcher.in/article/3ab89b04-45ac-4e07-a4b5-7237b17a6974