Digital Asset Holdings, the developer of the Canton Network, is reportedly raising capital at a $2 billion valuation, according to multiple outlets citing Bloomberg. Sources familiar with the matter say the fundraising is expected to close within the coming weeks, though the final amount may change. Reports describe the round as targeting roughly $300 million, which would be the largest funding Digital Asset has received to date.
The round is said to be led by Andreessen Horowitz’s a16z Crypto. One report notes the company completed an earlier nine-figure funding round less than a year before the current effort, indicating the new raise comes relatively soon after prior financing.
Additional reporting highlights that Canton Network has attracted major partners, including Visa and Goldman Sachs, as the company seeks renewed investment at the higher valuation. Across the reports, the key points are the proposed valuation, the expected size of the round, the involvement of a16z Crypto, and the timing of closing in the near term, with variability possible in the final figures.
