Digital Asset Raises $355M Led by Andreessen Horowitz
Digital Asset, creator of the Canton Network, secures $355 million in a funding round led by Andreessen Horowitz.
Digital Asset, the company behind the Canton Network, has raised $355 million in a funding round led by venture capital firm Andreessen Horowitz (a16z). The round includes participation from Wall Street giants and a sovereign wealth fund, though specific names were not disclosed.
The Canton Network is a blockchain platform designed for institutional use, enabling interoperability between different distributed ledger systems. Digital Asset plans to use the new capital to further develop the network and expand its adoption among financial institutions.
- Led by Andreessen Horowitz
- Includes Wall Street firms and a sovereign wealth fund
- Funds will accelerate development of the Canton Network
This investment underscores growing interest from traditional finance in blockchain technology for settlement and asset tokenization. Digital Asset was founded by former JPMorgan executive Blythe Masters.