EL7.AI
CryptoMediumUpdated×2•Originally published 10 May 2026•Updated 11 May 2026•
1 min read

Digital Asset Eyes $300M Raise at $2B Valuation Led by a16z crypto

Key Facts

1Digital Asset, the developer of Canton Network, is looking to raise $300 million in a funding round led by a16z crypto.
2The company's valuation is expected to reach $2 billion in what would be its largest funding round to date.
3The Canton Network has successfully attracted major partners including Visa and Goldman Sachs.

Digital Asset, the developer behind the Canton Network, is reportedly in talks to raise $300 million in a funding round expected to be led by a16z crypto, according to Bloomberg. The capital injection is projected to propel the company's valuation to $2 billion, marking its largest financing round to date. Notably, this new funding effort comes less than 12 months after the company completed another major nine-figure financing round. The funds are earmarked for scaling the Canton Network, which specializes in blockchain interoperability tailored for institutional finance. The network has already secured high-profile partnerships with global leaders including Visa and Goldman Sachs. This significant raise underscores strong venture capital conviction in the long-term adoption of enterprise-grade blockchain infrastructure.