Canton Network’s Digital Asset targets $2 billion valuation in a16z crypto-led raise: Bloomberg
Digital Asset Holdings, creator of the Canton Network blockchain for financial institutions, is raising $300 million at a $2 billion valuation led by a16z crypto. The funding follows a $50 million strategic investment in late 2025 from BNY Mellon and Nasdaq. Canton Network recently facilitated the first cross-border intraday repo using tokenized UK gilts, demonstrating institutional blockchain adoption gaining momentum globally.
Key takeaways
- 1Digital Asset Holdings raising $300 million at $2 billion valuation led by a16z crypto, following $50 million from BNY Mellon and Nasdaq in late 2025.
- 2Canton Network facilitated first cross-border intraday repo using tokenized UK gilts, demonstrating institutional blockchain adoption in $2 trillion gilt market.
- 3a16z crypto deployment follows firm raising $2.2 billion for latest crypto fund, bringing total sector capital to nearly $10 billion across five funds.
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Why it matters
Institutional-grade blockchain infrastructure gaining mainstream financial adoption signals crypto moving beyond retail speculation toward legacy finance integration. For Indian investors, this validates tokenization trends and institutional custody solutions that may influence domestic regulatory frameworks and investment opportunities.
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