Digital Asset lands $355M as a16z doubles down on Wall Street blockchain rails

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.

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.

“We knew institutional adoption was the path,” cofounder and chief executive of Digital Asset, Yuval Rooz, wrote on X after the raise was announced, reflecting on Digital Asset’s nearly 12‑year journey from DRW spin‑out to Canton Network. “We failed. We made bad decisions… But we never let go of our North Star.”

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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