Bank

Citadel

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Digital Asset Holdings LLC, best known as the entity behind the Canton Network, has raised another $355 million in a new funding round led by Andreessen Horowitz’s main crypto fund.
The US-based privately held venture capital firm, founded by Marc Andreessen and Ben Horowitz, contributed $100 million. Other notable names that <a href="https://news.bloomberglaw.com/business-and-practice/andreessen-horowitz-backs-blockchain-used-by-wall-street-giants" rel="noopener noreferrer nofollow">participated</a> in the funding round include heavyweights like Citadel Securities, Apollo, BNP Paribas, CME Ventures, Coinbase Ventures, and HSBC.
Digital Asset Holding built the Canton Network, a layer-1 smart-contract blockchain with configurable privacy and controls. It aims to become a household name in the rapidly growing sectors of <a href="https://cryptopotato.com/best-rwa-cryptos/" rel="noopener noreferrer nofollow">Real-World Assets (RWA)</a> and TradFi institutions.
It uses a two-tier consensus mechanism that allows unlimited horizontal scalability of the network. It also maintains full smart contract interoperability.
According to reports, the Canton Network has already supported $6 trillion in tokenized issuance, while the proceeds from the latest funding round will be channeled toward partnerships, M&amp;A, and ecosystem expansion.
It’s worth noting that this is the second major funding round closed by Digital Asset Holdings. In the previous round, <a href="https://www.bloomberg.com/news/articles/2026-05-10/drw-backed-digital-asset-raising-money-at-2-billion-valuation?ref=blockhead.co" rel="noopener noreferrer nofollow">announced</a> a month ago, the entity raised $300 million at a near-$2 billion valuation, and a16z was once again at the forefront.
In 2025, it raised $50 million from major backers such as Nasdaq and Bank of New York Mellon.
The post <a href="https://cryptopotato.com/digital-asset-holdings-secures-another-355-million-in-funding-round-led-by-a16z/" rel="noopener noreferrer nofollow">Digital Asset Holdings Secures Another $355 Million in Funding Round Led by a16z</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

Digital Asset Holdings Secures Another $355 Million in Funding Round Led by a16z

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