# Digital Asset raises $355 million to scale Canton Network for Wall

**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/ee871b1b-b898-4b34-ae91-17fc41fd73a4

Digital Asset secured $355 M in an a16z‑led round, valuing the firm at $2 B to expand its Canton Network blockchain for institutional finance.

Digital Asset Holdings announced a $355 million financing round led by Andreessen Horowitz’s crypto fund, valuing the company at roughly $2 billion [1]. The capital will be deployed to accelerate the Canton Network, a permissioned Layer‑1 blockchain designed for tokenized securities and other regulated financial workflows [1].

**Key takeaways**
- The round was led by a16z crypto, which contributed $100 million, with participation from 7RIDGE, ADIA, Citadel Securities and Optiver [1].  
- Canton Network already supports over $6 trillion in on‑chain assets and more than 600 institutional participants [2][3].  
- The network has been piloted by major banks including Goldman Sachs, BNY Mellon, BNP Paribas and Deutsche Börse [1].  
- Proceeds will fund partnership expansion, acquisitions and ecosystem growth for the blockchain platform [3].  
- This financing builds on prior rounds of $135 million (June 2025) and $50 million (December 2025) and adds to a multi‑year funding history dating back to 2021 [1].

## Scaling the Canton Network for regulated finance  
Digital Asset’s Canton Network is positioned as a public Layer‑1 blockchain that offers configurable privacy and compliance features, allowing institutions to keep sensitive deal information confidential while meeting regulatory transparency requirements [2]. The platform’s two‑tier consensus model is intended to support horizontal scaling for high‑volume institutional use cases such as tokenized repo trading and collateral mobility [3]. According to the company’s chief executive Yuval Rooz, the network’s design prevents any third party from altering an issuer’s books without consent, a safeguard he says is essential for moving capital‑market infrastructure on‑chain [1].

The latest financing follows a series of earlier rounds that attracted both traditional finance and crypto‑focused investors. In June 2025, Digital Asset raised $135 million from a consortium that included DRW Venture Capital, Tradeweb and Citadel Securities, and in December 2025 secured a $50 million strategic round from BNY Mellon, Nasdaq and S&P Global [1]. Earlier funding in 2021 exceeded $120 million and featured investors such as JPMorgan, Citi and Goldman Sachs, underscoring a long‑standing Wall Street interest in the company’s blockchain infrastructure [1].

## Why it matters  
The infusion of $355 million signals deepening institutional confidence in permissioned blockchain solutions for capital markets. By backing a platform that already handles trillions of dollars in tokenized assets, investors like a16z crypto, the Abu Dhabi Investment Authority and Citadel Securities are betting on Canton becoming a default settlement layer for real‑world assets [2][3]. The funding will enable Digital Asset to broaden strategic partnerships, pursue acquisitions and further develop its ecosystem, potentially accelerating the migration of traditional securities onto blockchain rails. As banks and market operators continue to pilot tokenized bonds, money‑market funds and collateral‑movement tools, the Canton Network’s growth could shape the next phase of regulated finance infrastructure.

## Sources
1. CoinTelegraph — [Digital Asset lands $355M as a16z doubles down on Wall Street blockchain rails](https://cointelegraph.com/news/digital-asset-355m-16z-wall-street-blockchain-rails)
2. Crypto Briefing — [Canton Network developer raises $355M to bring Wall Street ...](https://cryptobriefing.com/canton-network-raises-355m-wall-street-onchain/)
3. Crypto — [Digital Asset Holdings raises $355m in a16z-led funding round](https://crypto.news/digital-asset-holdings-raises-355m-in-a16z-led-funding-round/)
4. Seeking Alpha on MSN — [Canton Network creator raises $355M in funding round led by Andreessen Horowitz's a16z crypto](https://www.msn.com/en-us/money/companies/canton-network-creator-raises-355m-in-funding-round-led-by-andreessen-horowitz-s-a16z-crypto/ar-AA25oijJ?ocid=BingNewsVerp)

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Cite as: TrendWatcher, "Digital Asset raises $355 million to scale Canton Network for Wall", https://www.trendwatcher.in/article/ee871b1b-b898-4b34-ae91-17fc41fd73a4