[Update June 11, 1:50 pm UTC. Adds commentary from Yuval Rooz, cofounder and chief executive of Digital Asset, in the fourth and fifth paragraph]
Digital Asset Holdings has raised $355 million in a new round led by Andreessen Horowitz’s crypto arm, highlighting Wall Street’s accelerating push into permissioned blockchain infrastructure.
A16z crypto contributed $100 million, alongside 7RIDGE, the Abu Dhabi Investment Authority, Citadel Securities and Optiver, in a deal that values Digital Asset at around $2 billion, according to a Thursday Bloomberg Law report citing people familiar with the matter.
The capital will be used to scale the Canton Network, developed and maintained by Digital Asset, designed for financial institutions to tokenize and settle traditional securities while keeping commercially sensitive data private.
Cofounder and chief executive of Digital Asset, Yuval Rooz, told Cointelegraph the company can now “accelerate strategic partnerships and help major financial institutions move mission-critical infrastructure onchain faster,“ adding that Canton is the right platform to “help build their infrastructure to bring these use cases to life.”
He said that Canton was designed for regulated finance from day one, and that no third party can change an issuer’s books and records without its consent, which is “essential if capital markets infrastructures are going to put their systems onchain.”
Canton has already been piloted by institutions such as Goldman Sachs, BNY Mellon, BNP Paribas, Standard Chartered, Société Générale and Deutsche Börse.
Last month, Bloomberg reported that Digital Asset had initially been seeking roughly $300 million at that valuation and expected to close the financing within weeks.
Raise builds on a multiyear funding stack for Digital Asset
The latest raise extends a run of Wall Street-backed funding for Digital Asset. In June 2025, the company secured $135 million from DRW Venture Capital, Tradeweb, Citadel Securities, IMC, Optiver, Goldman Sachs, Virtu and others, followed by a $50 million strategic round that December from BNY Mellon, Nasdaq, S&P Global and iCapital.
Those rounds added to more than $120 million raised in 2021 from investors including 7RIDGE and Eldridge, following earlier investments from JPMorgan, Citi, Deutsche Börse, Goldman Sachs, IBM, Samsung and Salesforce.
Cointelegraph reached out to Digital Asset for comment, but had not received a response by publication.
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