TLDR
- Digital Asset is seeking fresh capital at an estimated valuation of nearly $2 billion today.
- a16z crypto is expected to lead about $300 million in new financing.
- Canton Network remains central to Digital Asset’s work with banks and financial firms.
- The round shows rising institutional interest in tokenized real-world asset infrastructure.
- Existing backers include DRW, Citadel Securities, BNY Mellon, Nasdaq, and Wall Street banks.
Wall Street firms are placing another large bet on blockchain infrastructure. Digital Asset is reportedly raising fresh funding at a $2 billion valuation, with a16z crypto expected to lead the round. Backed by major financial institutions, the company is focusing on real-world asset tokenization through its Canton Network. The move comes as institutional interest in regulated blockchain systems continues growing.
Digital Asset Seeks $2B Valuation in New Funding Round
Digital Asset is seeking fresh funding at a valuation of about $2 billion. Bloomberg reported that a16z crypto is expected to lead the round. The financing could total about $300 million, according to the report.
The company is known for developing Canton Network and the Daml smart contract language. It works with banks, exchanges, and financial firms. Its products focus on blockchain tools for regulated markets.
Digital Asset has backing from major financial firms. Its investors include DRW, Citadel Securities, Goldman Sachs, BNY Mellon, Nasdaq, and other Wall Street names. The company also raised $50 million in 2025.
a16z Crypto Expected to Lead Financing
Andreessen Horowitz’s crypto arm is expected to lead the new funding round. The report said the round values Digital Asset near $2 billion. However, final terms can still change before closing.
a16z crypto has been one of the largest investors in the digital asset sector. It has backed exchanges, infrastructure firms, and Web3 projects. The firm is also raising its fifth crypto fund.
The new Digital Asset round comes during a quieter period for crypto venture capital. Many investors have become more selective since 2021. Even so, infrastructure linked to institutions continues to draw capital.
Canton Network Remains Core to Growth
Digital Asset’s Canton Network is built for financial institutions. It aims to support tokenized real-world assets in a controlled setting. The network is designed for privacy, compliance, and secure settlement.
Banks and asset managers are testing blockchain systems for bonds, funds, and other assets. These firms often need permissioned networks and clear controls. Canton Network seeks to serve that demand.
The company’s Daml language is also part of its offering. It helps firms create smart contracts for complex financial workflows. Digital Asset has used this model to target traditional finance clients.
Wall Street Backers Signal Institutional Focus
Digital Asset’s backer list shows strong links to traditional finance. DRW, Citadel Securities, BNY Mellon, and Nasdaq are not typical retail crypto investors. Their support points to demand for market infrastructure.
The funding plan also comes as tokenization gains more attention. Firms are exploring ways to move real-world assets onto blockchain networks. These assets can include bonds, funds, deposits, and private market products.
Digital Asset’s reported raise places it among leading enterprise blockchain firms. The company has operated since 2014, making it older than many crypto projects. Its next round could support wider Canton Network adoption.
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