Digital Asset, the creator of the Canton Network, has raised $355 million in a funding round led by Andreessen Horowitz through its a16z CRYPTO fund, which committed $100 million and entered a new development partnership with Canton, with participation from 7RIDGE, ABN Amro, the Abu Dhabi Investment Authority, Alumni Ventures, Apollo Funds, BNP Paribas, Broadridge, Citadel Securities, CME Ventures, Coinbase Ventures, HSBC, iCapital, Optiver, Polychain, S&P Global, SBI Group, SoFi, Tradeweb, and William Blair, among others. Canton, the only public Layer-1 blockchain with institutional-grade privacy, has already supported $6 trillion in tokenized assets, with JPMorgan’s Kinexys natively issuing JPM Coin on the network, Visa becoming a Canton Super Validator, and Mastercard integrating Canton into its blockchain stack for multi-network stablecoin settlement. The capital will drive product development, deeper institutional engagement, and continued network growth as more regulated financial workflows move on-chain.
Digital Asset’s $355M Among This Week’s Fintech Raises
