Digital Asset Secures $355 Million to Scale Canton Network as Institutional Onchain Infrastructure

• Digital Asset raises $355 million in an oversubscribed round at approximately $2 billion valuation.
• Funding led by a16z crypto with broad participation from traditional finance and crypto institutions.
• Canton Network positioned as privacy-preserving Layer-1 for tokenization, settlement, and other regulated workflows.

Digital Asset, the company behind the Canton Network, has closed a $355 million funding round to expand its role as foundational infrastructure for bringing capital markets onchain. The round, led by Andreessen Horowitz’s crypto fund a16z crypto, exceeded its target and included a strong lineup of institutional backers.

This was announced in their recent press release dated June 11, 2026: https://blog.digitalasset.com/press-release/digital-asset-355m-funding-canton-capital-markets

The investment brings together participants from across traditional finance and decentralized ecosystems, including 7RIDGE, ABN Amro, the Abu Dhabi Investment Authority (via a subsidiary), Alumni Ventures, Apollo Funds, BNP Paribas, Broadridge, Citadel Securities, CME Ventures, Coinbase Ventures, Greenwulf Asset Management, Hanwha Investment & Securities, HSBC, iCapital, Liberty City Ventures, Optiver, Polychain, R136 Ventures, S&P Global, SBI Group, Smash Capital, SoFi, Tradeweb, and William Blair. Financial Technology Partners acted as exclusive strategic and financial advisor.

Canton Network is designed as a public Layer-1 blockchain that addresses key barriers to institutional blockchain adoption — specifically privacy, compliance, control, and interoperability. Unlike many general-purpose chains, it prioritizes production-grade solutions for regulated finance, enabling shared infrastructure while maintaining necessary safeguards for banks and trading firms.

Ali Yahya, General Partner at a16z crypto, added: “Digital Asset has built one of the clearest examples of blockchain product-market fit in regulated finance. We believe that Digital Asset is building foundational infrastructure for the next generation of financial markets.”

The fresh capital will support expansion of the Canton ecosystem, including deeper engagement with developers and financial institutions, growth of assets and applications on the network, and use cases such as tokenization, collateral mobility, settlement, payments, and other regulated workflows.

This funding comes at a time of broader market interest in bridging traditional finance with blockchain rails, highlighting continued institutional conviction even amid recent crypto market volatility. Canton’s focus on privacy-enabled, interoperable solutions differentiates it in the push toward onchain capital markets.

Disclaimer: This article is for informational purposes only and does not constitute advice of any kind. Readers should conduct their own research before making any decisions.

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