Digital Asset is reportedly in the process of raising nearly $300 million at a valuation close to $2 billion, according to a new Bloomberg report.
Summary
The reported $300 million financing round could become the largest capital raise in Digital Asset’s history.
Andreessen Horowitz’s crypto division, a16z crypto, is reportedly leading the round, highlighting growing investor interest in privacy-focused institutional blockchain infrastructure.
Recent partnerships involving Canton Network, including collaborations with Visa and DTCC, have strengthened its position among regulated financial institutions.
Bloomberg cited sources familiar with the discussions, stating that the fundraising round may close within the next few weeks. Neither Digital Asset nor a16z crypto publicly commented on the report.
Canton Network attracts institutional momentum
Digital Asset is best known as the developer behind Canton Network, a blockchain platform specifically designed for regulated financial institutions handling tokenized assets, payments, and settlement activity.
One of Canton’s defining features is its privacy-focused architecture, which allows institutions to selectively share transaction information while keeping sensitive financial data confidential. That approach has increasingly attracted interest from major players in traditional finance.
In March 2026, Visa joined Canton Network as a Super Validator and later incorporated Canton into its stablecoin settlement pilot in April.
The latest funding discussions would follow several earlier investment rounds for Digital Asset. In June 2025, the company raised $135 million from investors including DRW Venture Capital, Tradeweb Markets, Goldman Sachs, Citadel Securities, and Depository Trust & Clearing Corporation.
Later, in December 2025, Digital Asset reportedly secured another $50 million from investors including BNY Mellon, Nasdaq, S&P Global, and iCapital. The new financing round would represent an even larger endorsement of Canton’s role in institutional blockchain infrastructure.
DTCC tokenization plans add further momentum
The fundraising effort also comes as Depository Trust & Clearing Corporation prepares to test tokenized securities activity. DTCC previously announced plans to begin piloting tokenized versions of certain custodial assets in July, with a broader rollout targeted for October.
Beyond Visa and DTCC, Canton Network has also established connections with Moody’s, the Japan Securities Clearing Corporation, and Swiss crypto bank Amina Bank.
These partnerships reflect Digital Asset’s broader strategy of positioning Canton Network as blockchain infrastructure tailored for regulated financial markets rather than retail cryptocurrency trading.
