Yuval Rooz – Co-Founder and Chief Executive Officer Digital Asset
Digital Asset Holdings is seeking fresh capital at an estimated $2 billion valuation, according to Bloomberg, in a deal that would underscore continuing investor interest in institutional blockchain infrastructure even as venture funding for crypto remains uneven.
Andreessen Horowitz’s a16z crypto is leading the round, which is expected to total about $300 million, the report said, citing people familiar with the talks. The financing is said to be close to completion, although the final size could still shift before it closes in the coming weeks.
Founded in 2014, Digital Asset builds software for banks, exchanges and other financial institutions that want to use blockchain and distributed ledger technology to streamline transaction processing and speed up settlement. Its flagship Canton Network is designed to let participants share a public blockchain while keeping selected transaction data private, a model aimed at regulated finance.
The company has long positioned itself as an institutional rather than retail crypto player, and its backers include several major Wall Street firms. Bloomberg said investors such as DRW Holdings and Citadel Securities are among its supporters. Last year, Digital Asset raised $50 million from investors including Bank of New York Mellon and Nasdaq, signaling continued appetite from traditional financial firms.
Momentum around Canton has also grown. In March, Visa became a super validator on the network, joining a group of 40 participants helping to secure and maintain operations. More recently, according to CoinDesk, Taurus expanded its role on Canton as a Super Validator and added custody support for the Canton Token Standard, a move that CoinDesk said came as the network surpassed $6 trillion in tokenized asset activity.
The fundraising comes as a16z crypto itself has been expanding aggressively. Bloomberg reported last week that Andreessen Horowitz raised a $2.2 billion crypto fund, bringing its total crypto-focused capital to roughly $9.8 billion across five funds.
Still, the broader market remains cautious. Bloomberg cited data showing crypto venture investment fell in April to its lowest level since June 2025, as many firms that once chased digital-asset startups have shifted toward artificial intelligence, robotics and other sectors. Against that backdrop, Digital Asset’s raise suggests that well-capitalized firms with ties to large financial institutions can still attract sizable checks, especially when they can point to real-world usage and bank-grade infrastructure.
[Noah Wire Services helped in the writing of this article.]
