Venture Giant Pours $300 Million into Blockchain Innovator, Boosting Worth to $2 Billion Mark

Table of Contents Digital Asset Holdings, the organization operating the Canton Network, is currently negotiating to secure approximately $300 million in funding with a valuation hovering around $2 billion. According to Bloomberg’s sources with knowledge of the discussions, a16z crypto is spearheading this investment round. 🚨DIGITAL ASSET SAID TO RAISE $300M AT $2B VALUATION Digital Asset, the company behind Canton Network, is reportedly raising about $300 million at a $2 billion valuation, per Bloomberg. Once confirmed, this would be the company’s biggest fundraise yet, as Canton continues to… pic.twitter.com/byYBZJdLrH — Coin Bureau (@coinbureau) May 10, 2026 The transaction is anticipated to finalize within the next several weeks. Representatives from both Digital Asset and a16z have not issued public statements confirming these reports. This funding round represents the most substantial capital raise in Digital Asset’s history. Previously, the company secured $135 million in June 2025 through a round led by DRW Venture Capital and Tradeweb Markets. That financing included contributions from Goldman Sachs, Citadel Securities, and DTCC. Following that, Digital Asset completed an additional $50 million raise in December 2025. Investment participants in that round included BNY Mellon, Nasdaq, S&P Global, and iCapital. The Canton Network operates as a Layer 1 blockchain platform specifically designed for financial institutions. The network features adjustable privacy controls and enables smart contracts developed using Daml, Digital Asset’s open-source programming language. To date, the network has facilitated the issuance or processing of tokenized assets exceeding $6 trillion in value. Visa assumed the role of Canton Super Validator in March 2026, representing the payments company’s inaugural blockchain governance position. Subsequently in April, Visa integrated Canton into its stablecoin settlement pilot program, joining networks including Base, Polygon, Arc, and Tempo. Moody’s made history in March 2026 by deploying its credit ratings data directly onto the Canton Network. The ratings agency became the first of its kind to publish information on a blockchain. Japan Securities Clearing Corporation initiated testing of onchain government bonds on the platform in April. These trials examine whether Japanese government bonds can be transferred via blockchain and utilized as digital collateral. Swiss crypto banking institution Amina revealed custody and trading services for Canton Coin in early May. Amina holds the distinction of being the first FINMA-regulated Swiss bank to offer support for this token. In December 2025, Digital Asset, Canton Network, and DTCC unveiled a collaboration to tokenize assets held in DTCC custody. With approximately $114 trillion in liquid assets under custody, DTCC has scheduled a tokenized trading pilot for July 2026, with full-scale implementation planned for October. This investment follows closely behind a16z crypto’s announcement of successfully closing a $2.2 billion fund, marking the firm’s fifth dedicated cryptocurrency investment vehicle. The venture capital firm has now allocated roughly $10 billion in total cryptocurrency commitments across all its funds. In January, A16z general partner Ali Yahya articulated that privacy represents the essential missing component preventing global finance from fully transitioning to blockchain infrastructure. Canton’s built-in privacy capabilities align precisely with this investment philosophy. Cryptocurrency venture capital activity has experienced a downturn overall. Quarterly transaction volumes declined from 427 deals in Q1 2025 to merely 97 in Q1 2026. Several established cryptocurrency investors have redirected their attention toward artificial intelligence and robotics sectors. Nevertheless, significant capital deployment continues from major funds. Haun Ventures completed a $1 billion fundraising last week, and a16z’s recent fund closure demonstrates that prominent investors maintain their commitment to the cryptocurrency sector. Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.