Particle.news
Download on the App Store
11 ARTICLES
·
last wk.

A16z Leads $355 Million Round in Digital Asset to Scale Canton Network

The investment signals growing Wall Street support for permissioned, compliance-focused blockchain rails by funding Canton’s ecosystem expansion.

Digital Asset
Canton network developer raises $355 million to bring wall street onchain
Image
Digital asset lands $355m as a16z doubles down on wall street blockchain rails

Overview

  • Digital Asset closed a $355 million financing led by Andreessen Horowitz’s a16z crypto fund on June 11, 2026, with a16z committing $100 million to the deal.
  • The round drew broad participation from banks, market-makers and a sovereign-wealth participant, including Citadel Securities, BNP Paribas, HSBC, Apollo, Coinbase Ventures, CME Ventures and a subsidiary of the Abu Dhabi Investment Authority.
  • Digital Asset said it will use the capital to scale the Canton Network, deepen institutional deployments, pursue partnerships and potential acquisitions, and expand developer and ecosystem support.
  • Canton is a permissioned, privacy-focused layer‑one ledger built to let institutions issue and settle tokenized real‑world assets while keeping selected data private, a design that some analysts say makes it closer to a controlled database than a public blockchain.
  • The deal, which implies a valuation near $2 billion and follows prior strategic rounds since 2021, underscores growing demand from traditional finance for bespoke on‑chain settlement rails and could accelerate bank pilots of tokenized bonds, collateral and fund workflows.