Digital Asset has raised $355 million in a funding round led by a16z Crypto, bringing together a wide group of major financial institutions and signaling accelerating momentum behind blockchain-based financial infrastructure.
Funding round draws major financial players
The round included participation from a subsidiary of the Abu Dhabi Investment Authority, Apollo Funds, BNP Paribas, Broadridge, Citadel Securities, CME Ventures, HSBC, Polychain, S&P Global, SBI Group, SoFi, Tradeweb, and several others spanning both traditional and decentralized finance.
Chief Executive Officer Rooz said contributors received equity stakes rather than tokens, and many are expected to actively operate on the Canton Network. He added that the stronger balance sheet positions the company for mergers, acquisitions, and deeper blockchain partnerships.
Canton network gains institutional traction
The Canton Network has already supported roughly $6 trillion in tokenized assets. Major institutions including JPMorgan and DTCC have deployed solutions on the network, while Visa joined as a Super Validator earlier this year and integrated Canton into its stablecoin settlement pilot alongside Base, Polygon, Arc, and Tempo.
Founded in 2014, Digital Asset built Canton as a public, permissionless Layer 1 blockchain tailored for institutional finance. Its infrastructure enables privacy-focused applications using its Daml smart contract language, allowing multiple parties to transact while preserving confidentiality.
Previous funding and valuation context
The latest raise follows earlier rounds, including $135 million in June 2025 backed by firms such as Goldman Sachs and Citadel Securities, and an additional $50 million in December 2025 from BNY Mellon, Nasdaq, and others.
Digital Asset has been valued at around $2 billion in connection with the new funding. Meanwhile, a16z Crypto recently unveiled a $2.2 billion fund, underscoring continued capital flow into blockchain infrastructure.
Tokenization moves toward broader adoption
The funding reflects a broader shift as tokenization of real-world assets moves from experimentation into early-stage implementation. Market forecasts suggest significant growth ahead, with estimates pointing to a potential $16 trillion opportunity by 2030.
Traders are now watching for increased on-chain activity from participating institutions, particularly the issuance of products like tokenized money-market funds or private equity. The existing market for tokenized U.S. government securities has already reached about $14 billion, providing a base for more complex instruments.
Focus turns to infrastructure and integration
Attention is also turning to new integrations and technology partnerships around Canton, which could indicate how widely its infrastructure is adopted. Venture capital has increasingly focused on platforms designed to bridge blockchain technology with regulated finance, seen as offering more durable long-term potential.
As capital concentrates in this segment, market participants will be closely tracking how infrastructure providers that attract major financial institutions are valued and scaled.
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