- Digital Asset raised $355 million in a funding round led by a16z crypto.
- Major investors include Apollo, HSBC, BNP Paribas, Coinbase Ventures, SBI Group, and Citadel Securities.
- The company says Canton has already supported $6 trillion in tokenized assets.
- Funding will be used to expand partnerships, acquisitions, and institutional blockchain adoption.
Institutional Blockchain Leader Secures Major Funding
Digital Asset, the company behind the Canton Network, has raised $355 million in a new funding round led by a16z crypto.
The financing attracted support from a broad group of traditional finance and crypto institutions, including Apollo Funds, BNP Paribas, Citadel Securities, CME Ventures, Coinbase Ventures, HSBC, SoFi, Tradeweb, SBI Group, and several others.
According to CEO Yuval Rooz, many of the investors are also expected to become users of the Canton ecosystem, making the funding round as much a strategic partnership initiative as a capital raise.
Canton Gains Momentum In Traditional Finance
Canton has emerged as one of the fastest-growing blockchain networks focused on institutional finance.
The network claims to have facilitated more than $6 trillion worth of tokenized assets and has attracted participation from some of the largest names in global finance.
Organizations including JPMorgan, DTCC, and Visa have already built products or infrastructure on the network.
Visa joined Canton as a Super Validator earlier this year and incorporated the network into its stablecoin settlement pilot alongside several other blockchain platforms.
Expansion And Acquisition Plans
Unlike many crypto startups, Digital Asset says it is already profitable.
Rooz stated that the additional capital provides flexibility to pursue acquisitions, invest in strategic partnerships, and accelerate adoption among institutional clients.
Rather than focusing on speculative token-driven growth strategies, the company plans to use the new funding to support long-term infrastructure development and help financial institutions launch blockchain-based services.
The company believes the next phase of growth will come from deeper integration with traditional financial markets.
Strong Institutional Validation
Canton was specifically designed for regulated financial environments.
The network operates as a public, permissionless Layer 1 blockchain while offering configurable privacy features that allow institutions to keep sensitive transaction data confidential when necessary.
Applications are built using Digital Asset's open-source Daml smart contract language, which supports complex financial workflows involving multiple parties.
According to a16z crypto General Partner Ali Yahya, Digital Asset represents one of the clearest examples of blockchain product-market fit within regulated finance.
The funding round follows Digital Asset's previous raises in 2025 and further highlights the growing institutional focus on tokenization as one of blockchain's most promising long-term opportunities.
