Key Takeaways
- • Digital Asset has raised at least $847.2M in disclosed primary funding across eleven rounds, according to Clay's funding profile.
- • The most recent disclosed round was a $355M venture round announced June 11, 2026, led by a16z crypto, implying a valuation of approximately $2 billion post-money (not stated by the company).
- • On July 21, 2026, Shinhan Financial Group and SC Ventures (Standard Chartered) joined as strategic investors in an expansion of the oversubscribed round, with the added amount undisclosed.
- • Key institutional backers across rounds include Goldman Sachs, BNY, Nasdaq, Citadel Securities, DRW Venture Capital, 7RIDGE, Eldridge, HSBC, and S&P Global.
- • The company's Canton Network and Daml platform are positioned as onchain infrastructure for capital markets, with interoperability and data privacy cited as ongoing challenges.
Summary
Digital Asset, a New York-headquartered distributed ledger technology company founded in 2014, has raised at least $847.2M in disclosed primary funding across eleven rounds, according to Clay's funding data. The company's Daml platform enables multi-party solutions that link disparate systems into synchronized networks, and it operates the Canton Network.
The largest and most recent priced round was a $355M venture round dated June 11, 2026, led by a16z crypto. Participants included 7RIDGE, ABN Amro, Abu Dhabi Investment Authority, Apollo Funds, BNP Paribas, Citadel Securities, CME Ventures, Coinbase Ventures, HSBC, iCapital, Optiver, Polychain, S&P Global, SBI Group, SoFi, Tradeweb, and William Blair, among others. The round was valued at approximately $2 billion post-money, a figure the company did not state in its announcement. The company said the capital will accelerate Canton's role as onchain infrastructure for capital markets.
On July 21, 2026, the round was expanded with strategic additions from Shinhan Financial Group and SC Ventures, the venture arm of Standard Chartered. The additional amount was not disclosed.
Earlier rounds include a $60M venture round in February 2016, a $40M Series B in October 2017, a $35M Series C in December 2019, a $120M Series D in April 2021 led by 7RIDGE and Eldridge Industries, and a $135M Series E strategic round in June 2025 co-led by DRW Venture Capital and Tradeweb Markets. A $50M corporate round in December 2025 included BNY, iCapital, Nasdaq, and S&P Global. The May 2022 SBI Group corporate round amount was not disclosed. Clay notes the company's current valuation has not been publicly disclosed beyond the June 2026 estimate.
As the company scales Canton, competition from other blockchain networks and demands for data privacy and security across diverse counterparties remain key challenges.
The largest and most recent priced round was a $355M venture round dated June 11, 2026, led by a16z crypto. Participants included 7RIDGE, ABN Amro, Abu Dhabi Investment Authority, Apollo Funds, BNP Paribas, Citadel Securities, CME Ventures, Coinbase Ventures, HSBC, iCapital, Optiver, Polychain, S&P Global, SBI Group, SoFi, Tradeweb, and William Blair, among others. The round was valued at approximately $2 billion post-money, a figure the company did not state in its announcement. The company said the capital will accelerate Canton's role as onchain infrastructure for capital markets.
On July 21, 2026, the round was expanded with strategic additions from Shinhan Financial Group and SC Ventures, the venture arm of Standard Chartered. The additional amount was not disclosed.
Earlier rounds include a $60M venture round in February 2016, a $40M Series B in October 2017, a $35M Series C in December 2019, a $120M Series D in April 2021 led by 7RIDGE and Eldridge Industries, and a $135M Series E strategic round in June 2025 co-led by DRW Venture Capital and Tradeweb Markets. A $50M corporate round in December 2025 included BNY, iCapital, Nasdaq, and S&P Global. The May 2022 SBI Group corporate round amount was not disclosed. Clay notes the company's current valuation has not been publicly disclosed beyond the June 2026 estimate.
As the company scales Canton, competition from other blockchain networks and demands for data privacy and security across diverse counterparties remain key challenges.
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