A16z Crypto leads ~$300M funding for Canton Network

Digital Asset Holdings, the New York developer behind **Canton Network**, is in advanced talks to raise about **$300M** led by **A16z Crypto**, Bloomberg reports. The valuation is said to be near **$2B**, and final terms are still subject to change. **FT Partners** is advising the firm. Canton Network targets institutional finance with **protocol-level privacy**. Participants share only the data needed to settle a transaction, supported by the network’s **Global Synchronizer** for real-time sync across applications and subnets without bridges. The network has processed or issued **$6T+** in tokenized assets. Adoption is highlighted by major validators and ecosystem players, including **Visa** (Super Validator from March 2026) and stablecoin settlement participation, plus **DTCC** planning tokenization of **DTC-custodied U.S. Treasuries** (targeting 2026). Other cited participants/validators include **Goldman Sachs, HSBC, BNY Mellon, Citadel Securities, Nasdaq, S&P Global**, and **Euroclear**. If completed, this would be the largest single round in Digital Asset’s history. Traders should note that the news reinforces momentum for regulated, privacy-focused **RWA tokenization rails**—more of a sector signal than a direct catalyst for major token prices. Canton Network funding would likely be used to expand developer tools, add subnets, and deepen ecosystem onboarding.