Digital Asset Holdings has raised $355 million in a brand new spherical led by Andreessen Horowitz’s crypto arm, highlighting Wall Avenue’s accelerating push into permissioned blockchain infrastructure.
A16z crypto contributed $100 million, alongside 7RIDGE, the Abu Dhabi Funding Authority, Citadel Securities and Optiver, in a deal that values Digital Asset at round $2 billion, based on a Thursday Bloomberg Legislation report citing folks conversant in the matter.
The capital shall be used to scale the Canton Community, developed and maintained by Digital Asset, designed for monetary establishments to tokenize and settle conventional securities whereas retaining commercially delicate knowledge non-public.
Canton has already been piloted by establishments resembling Goldman Sachs, BNY Mellon, BNP Paribas, Normal Chartered, Société Générale and Deutsche Börse.
Final month, Bloomberg reported that Digital Asset had initially been searching for roughly $300 million at that valuation and anticipated to shut the financing inside weeks.
“We knew institutional adoption was the trail,” cofounder and chief govt of Digital Asset, Yuval Rooz, wrote on X after the increase was introduced, reflecting on Digital Asset’s practically 12‑yr journey from DRW spin‑out to Canton Community. “We failed. We made dangerous choices… However we by no means let go of our North Star.”
Increase builds on a multiyear funding stack for Digital Asset
The most recent increase extends a run of Wall Avenue-backed funding for Digital Asset. In June 2025, the corporate secured $135 million from DRW Enterprise Capital, Tradeweb, Citadel Securities, IMC, Optiver, Goldman Sachs, Virtu and others, adopted by a $50 million strategic spherical that December from BNY Mellon, Nasdaq, S&P World and iCapital.
These rounds added to greater than $120 million raised in 2021 from traders together with 7RIDGE and Eldridge, following earlier investments from JPMorgan, Citi, Deutsche Börse, Goldman Sachs, IBM, Samsung and Salesforce.
Cointelegraph reached out to Digital Asset for remark, however had not obtained a response by publication.
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