According to a Bloomberg report citing sources familiar with the matter, Digital Asset, a blockchain company targeting the institutional financial market, is seeking approximately $300 million in funding, aiming for a valuation of around $2 billion. Potential investors include Andreessen Horowitz's a16z crypto. The deal is expected to close in the coming weeks, but the final fundraising size may still be adjusted.

The deal is still in progress.

Reports indicate that FT Partners advised on this funding round. Digital Asset, Canton Network, and a16z crypto did not respond to requests for comment, so the information disclosed so far primarily comes from sources familiar with the matter.

Digital Asset is the developer of Canton Network. This network primarily serves financial institutions such as banks and market makers, emphasizing the connection of tokenized assets between permissioned applications while balancing privacy and interoperability.

In recent years, it has continued to attract traditional financial institutions

Prior to this round of financing news, Digital Asset had already secured approximately $50 million in strategic investment by the end of 2025. Participants included BNY Mellon and Nasdaq, while existing backers included DRW and Citadel Securities.

Looking at the investor structure, this company continues to attract attention from both traditional financial infrastructure institutions and crypto venture capital firms. If this round of funding is completed at a valuation of approximately $2 billion, it also means that the market is still willing to pay a high price for institutional-grade asset-on-chain infrastructure.

Canton Network promotes tokenized asset scenarios

In February of this year, Canton Network disclosed that a group of global financial institutions had completed the first cross-border intraday repurchase transaction on its blockchain, using tokenized UK government bonds as assets. This transaction is considered the first time that digital UK government bonds have been used for cross-border intraday repurchase.

This development also demonstrates that Canton Network is positioned not merely as a general-purpose public blockchain, but rather as a dedicated infrastructure serving traditional financial institutions. With the advancement of scenarios such as tokenized government bonds, buybacks, and liquidations, the financing and valuation of the underlying networks are beginning to attract more attention.