Digital Asset Holdings Secures Another $355 Million in Funding Round Led by a16z
Digital Asset Holdings LLC, greatest often known as the entity behind the Canton Network, has raised one other $355 million in a brand new funding spherical led by Andreessen Horowitz’s fundamental crypto fund.
The US-based privately held enterprise capital agency, based by Marc Andreessen and Ben Horowitz, contributed $100 million. Other notable names that participated in the funding spherical embody heavyweights like Citadel Securities, Apollo, BNP Paribas, CME Ventures, Coinbase Ventures, and HSBC.
Digital Asset Holding constructed the Canton Network, a layer-1 smart-contract blockchain with configurable privateness and controls. It goals to grow to be a family identify in the quickly rising sectors of Real-World Assets (RWA) and TradFi establishments.
It makes use of a two-tier consensus mechanism that permits limitless horizontal scalability of the community. It additionally maintains full good contract interoperability.
According to experiences, the Canton Network has already supported $6 trillion in tokenized issuance, whereas the proceeds from the most recent funding spherical can be channeled towards partnerships, M&A, and ecosystem enlargement.
It’s value noting that that is the second main funding spherical closed by Digital Asset Holdings. In the earlier spherical, announced a month in the past, the entity raised $300 million at a near-$2 billion valuation, and a16z was as soon as once more on the forefront.
In 2025, it raised $50 million from main backers similar to Nasdaq and Bank of New York Mellon.
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