Overview
- Digital Asset Holdings is in advanced talks to raise about $300 million at a roughly $2 billion valuation, with a16z crypto involved, according to reports Monday.
- People familiar with the negotiations said the round could close within weeks and the final amount may change.
- Bloomberg reported that FT Partners is advising on the financing and the companies have not commented publicly.
- The firm builds Canton Network, a privacy-focused blockchain for institutions that runs Daml smart contracts and keeps transaction details private to the parties, with more than $6 trillion processed.
- Institutional momentum includes Visa becoming a Super Validator and adding Canton to a stablecoin settlement pilot, while DTCC plans tokenized trading tests in July with a wider launch targeted for October 2026.