Digital Asset Raises $355M to Expand Canton for Finance

Digital Asset announced a $355 million funding round led by Andreessen Horowitz’s crypto fund, a16z Crypto, with participation from BNP Paribas, Coinbase, HSBC and other financial and technology firms. The company said the financing will support broader adoption of its Canton blockchain in regulated markets.

Canton is a public, permissionless blockchain designed for institutional use where privacy, regulatory compliance and interoperability are required. The protocol allows multiple parties to share infrastructure while maintaining control over who can view transaction details and how assets are moved and settled.

Digital Asset plans to use the funds to broaden institutional onboarding, expand developer tools and services, and support regulated deployments that require identity, auditability and rule-based controls. The company stated the capital will also help scale operations and engage partners across markets.

Andreessen Horowitz’s crypto fund will provide expertise in company building, cryptography, policy and research. Other named investors include ABN Amro, the Abu Dhabi Investment Authority, CME Ventures, S&P Global, Citadel Securities and Apollo Funds, among additional institutional and venture participants.

Recent technical and commercial integrations show activity around Canton. Visa has become a Canton super validator to assist clients that choose to run and secure operations on the network, and JPMorgan has moved to issue its deposit token, JPM Coin, natively on Canton. Digital Asset reported more than 700 participants in the Canton ecosystem, spanning banks, trading venues, asset managers and infrastructure providers.

Yuval Rooz, CEO of Digital Asset, commented: ‘For capital markets to move onchain, institutions need infrastructure that reflects how they actually operate-with privacy, compliance, scale and interoperability built in from the start. Canton was purpose-built for this, and Digital Asset is working with more than 700 ecosystem participants to make Canton the core infrastructure for global finance.’

Digital Asset said it will engage the new investors and partners to support regulated deployments and further developer adoption of Canton.