Digital Asset Holdings is seeking to raise roughly $300 million in fresh capital at a reported $2 billion valuation, with a16z crypto expected to lead the round.
According to a Bloomberg report, citing people familiar with the matter, Andreessen Horowitz’s a16z crypto will lead this round, aiming for $300 million, potentially closing in the coming weeks, with the amount and valuation still subject to change.
The development highlights continued institutional interest in blockchain infrastructure designed for regulated financial markets, despite broader cooling across crypto venture funding.
Canton Network gains institutional attention
Digital Asset is best known for developing Canton Network, a public, permissionless Layer 1 blockchain infrastructure platform focused on privacy-enabled financial transactions.
Unlike fully transparent blockchains, Canton allows certain transaction data to remain private while still operating on a shared network infrastructure — a feature the company says makes it more suitable for mainstream financial institutions.
The platform has attracted backing and participation from major Wall Street firms and trading companies, including DRW Holdings and Citadel Securities.
Moreover, Canton Network has also seen strong ecosystem growth as institutions increasingly explore tokenized assets, blockchain settlement systems, and compliant digital finance infrastructure.
a16z expands investment push
The latest round would further expand a16z crypto’s footprint across blockchain infrastructure and institutional finance.
Earlier this month, Andreessen Horowitz raised $2.2 billion for its newest crypto-focused investment fund, bringing its total dedicated crypto capital to nearly $10 billion across multiple funds.
The potential Digital Asset investment signals continued confidence in blockchain systems designed for large-scale financial institutions rather than purely retail-focused crypto applications.
Also read: Kalshi Pushes Institutional Expansion With $1B Funding Round
