Digital Asset Holdings Secures Another $355 Million in Funding Round Led by a16z

The funding round now follows a previous one from May, in which Canton Network’s developer raised $300 million.

Digital Asset Holdings LLC, best known as the entity behind the Canton Network, has raised another $355 million in a new funding round led by Andreessen Horowitz’s main crypto fund.

The US-based privately held venture capital firm, founded by Marc Andreessen and Ben Horowitz, contributed $100 million. Other notable names that participated in the funding round include heavyweights like Citadel Securities, Apollo, BNP Paribas, CME Ventures, Coinbase Ventures, and HSBC.

Digital Asset Holding built the Canton Network, a layer-1 smart-contract blockchain with configurable privacy and controls. It aims to become a household name in the rapidly growing sectors of Real-World Assets (RWA) and TradFi institutions.

It uses a two-tier consensus mechanism that allows unlimited horizontal scalability of the network. It also maintains full smart contract interoperability.

According to reports, the Canton Network has already supported $6 trillion in tokenized issuance, while the proceeds from the latest funding round will be channeled toward partnerships, M&A, and ecosystem expansion.

It’s worth noting that this is the second major funding round closed by Digital Asset Holdings. In the previous round, announced a month ago, the entity raised $300 million at a near-$2 billion valuation, and a16z was once again at the forefront.

In 2025, it raised $50 million from major backers such as Nasdaq and Bank of New York Mellon.