Overview
- Digital Asset secured $355 million in new financing led by Andreessen Horowitz’s a16z crypto fund, which committed $100 million, with participation from Citadel Securities, the Abu Dhabi Investment Authority, Optiver and a range of banks and trading firms.
- Canton is a privacy-enabled layer‑1 blockchain built for banks, exchanges and market infrastructure that lets participants keep selected data private while sharing settlement and smart-contract logic.
- Digital Asset says it will deploy the capital to grow partnerships, pursue acquisitions and expand the Canton ecosystem to accelerate institutional use of tokenized financial assets.
- Coverage reports Visa has joined Canton as a Super Validator and joined a stablecoin settlement pilot, and some sources cite large tokenized issuance on Canton with figures reported but not independently verified.
- The round builds on roughly $185 million Digital Asset raised in 2025 and highlights growing Wall Street interest in tokenization, a shift that could speed settlement, collateral management and issuance processes for institutional clients.