Digital Asset Raises $355M as Wall Street Accelerates Blockchain Tokenization Push

Digital Asset Holdings has raised $355 million in a new funding round led by Andreessen Horowitz’s crypto division, marking a significant boost for institutional blockchain infrastructure focused on Wall Street adoption.

The round values the company at around $2 billion, according to a Bloomberg Law report citing people familiar with the deal. A16z crypto contributed $100 million, joined by major investors including 7RIDGE, the Abu Dhabi Investment Authority, Citadel Securities, and Optiver.

Canton Network Focused on Institutional Tokenization

The capital will be used to expand the Canton Network, a blockchain platform designed for financial institutions to tokenize and settle traditional financial assets while keeping sensitive data private.

The network is already being tested by major global institutions, including Goldman Sachs, BNY Mellon, BNP Paribas, Standard Chartered, Société Générale, and Deutsche Börse, reflecting growing institutional interest in blockchain-based settlement systems.

Continued Wall Street Backing for Digital Asset

The latest raise extends a multi-year funding trend for Digital Asset, which previously secured $135 million in 2025 from major trading firms and banks, followed by a $50 million strategic round backed by BNY Mellon, Nasdaq, and S&P Global.

Earlier funding rounds included support from JPMorgan, Citi, IBM, and Goldman Sachs, showing consistent institutional backing for blockchain infrastructure focused on regulated financial markets.