Key Takeaways
- • Digital Asset closed a $355 million Series F funding round led by Andreessen Horowitz's crypto fund, valuing the company at approximately $2 billion and marking a16z's first investment in the blockchain infrastructure firm.
- • The Canton Network, Digital Asset's Layer-1 blockchain, is processing $8 trillion per month in repo transactions, demonstrating significant adoption among financial institutions.
- • Major financial institutions including HSBC, BNP Paribas, ABN Amro, Broadridge, Tradeweb, S&P Global, and the Abu Dhabi Investment Authority participated in the round, signaling institutional confidence in blockchain infrastructure for capital markets.
- • Funds will support expansion of the Canton ecosystem, developer engagement, network growth, and use cases in tokenization, collateral mobility, settlement, and payments—all areas where privacy-enabled infrastructure can reduce friction in capital efficiency.
- • This represents a significant acceleration for Digital Asset, following a $135 million funding round in June 2025 led by DRW Venture Capital and Tradeweb, demonstrating sustained investor appetite for enterprise blockchain solutions.
Summary
Digital Asset Holdings, the New York-based software company behind the Canton Network blockchain, has secured $355 million in Series F financing led by Andreessen Horowitz through its a16z crypto fund. The round values Digital Asset at approximately $2 billion and marks the venture capital firm's inaugural investment in the company. The financing reflects intensifying institutional interest in blockchain infrastructure for capital markets, with a16z gaining access to Digital Asset's expertise through a collaboration that will inform the firm's approach to company building, crypto policy, and research as Canton scales.
The investor syndicate underscores the breadth of institutional backing for Digital Asset's platform. Beyond a16z crypto, major global financial institutions co-invested, including HSBC, BNP Paribas, ABN Amro, Broadridge, SoFi Technologies, Tradeweb, S&P Global, and the Abu Dhabi Investment Authority. Secondary participants included Citadel Securities, Optiver, Apollo Funds, Coinbase Ventures, Polychain, CME Ventures, and others. Notably, many of these investors also participated in Digital Asset's prior $135 million funding round in June 2025, demonstrating sustained confidence in the platform's trajectory and market opportunity.
The Canton Network's operational performance provides concrete evidence of institutional adoption. The platform is currently processing $8 trillion per month in repo transactions, a critical financial market infrastructure use case. This volume signals meaningful penetration in the institutional market segment and validates Digital Asset's value proposition around privacy-enabled, shared infrastructure that reduces friction in capital markets operations.
Digital Asset plans to deploy capital toward expanding offerings across the Canton ecosystem, deepening developer engagement, supporting network growth, and scaling use cases in tokenization, collateral mobility, settlement infrastructure, and payments systems. The company will leverage a16z crypto's resources and expertise to accelerate this expansion. Yuval Rooz, co-founder and CEO of Digital Asset, and the broader organization have positioned the company as a builder of enterprise-grade blockchain infrastructure, with particular focus on applications where shared infrastructure can improve capital efficiency—a value proposition that continues to attract both venture capital and institutional financial backing.
The investor syndicate underscores the breadth of institutional backing for Digital Asset's platform. Beyond a16z crypto, major global financial institutions co-invested, including HSBC, BNP Paribas, ABN Amro, Broadridge, SoFi Technologies, Tradeweb, S&P Global, and the Abu Dhabi Investment Authority. Secondary participants included Citadel Securities, Optiver, Apollo Funds, Coinbase Ventures, Polychain, CME Ventures, and others. Notably, many of these investors also participated in Digital Asset's prior $135 million funding round in June 2025, demonstrating sustained confidence in the platform's trajectory and market opportunity.
The Canton Network's operational performance provides concrete evidence of institutional adoption. The platform is currently processing $8 trillion per month in repo transactions, a critical financial market infrastructure use case. This volume signals meaningful penetration in the institutional market segment and validates Digital Asset's value proposition around privacy-enabled, shared infrastructure that reduces friction in capital markets operations.
Digital Asset plans to deploy capital toward expanding offerings across the Canton ecosystem, deepening developer engagement, supporting network growth, and scaling use cases in tokenization, collateral mobility, settlement infrastructure, and payments systems. The company will leverage a16z crypto's resources and expertise to accelerate this expansion. Yuval Rooz, co-founder and CEO of Digital Asset, and the broader organization have positioned the company as a builder of enterprise-grade blockchain infrastructure, with particular focus on applications where shared infrastructure can improve capital efficiency—a value proposition that continues to attract both venture capital and institutional financial backing.
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