•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
Digital Asset Holdings, the organization behind the Canton Network, is reportedly in talks to raise approximately $300 million at a valuation of around $2 billion, according to Bloomberg sources familiar with the discussions. The report says a16z crypto is leading the investment round, which is expected to be finalized within the next several weeks. Digital Asset and a16z have not publicly confirmed the details.
If completed as reported, the proposed raise would represent the largest capital raise in Digital Asset’s history. The company previously raised $135 million in June 2025 in a round led by DRW Venture Capital and Tradeweb Markets, with participation from Goldman Sachs, Citadel Securities, and DTCC.
Digital Asset then secured an additional $50 million in December 2025. That round included investors such as BNY Mellon, Nasdaq, S&P Global, and iCapital.
Canton Network is a Layer 1 blockchain platform designed for financial institutions. It offers adjustable privacy controls and supports smart contracts built using Daml, Digital Asset’s open-source programming language.
To date, the network has facilitated the issuance or processing of tokenized assets exceeding $6 trillion in value.
Visa became a Canton Super Validator in March 2026, marking the payments company’s first blockchain governance role. In April, Visa also integrated Canton into its stablecoin settlement pilot program, joining networks including Base, Polygon, Arc, and Tempo.
In March 2026, Moody’s deployed its credit ratings data directly onto the Canton Network, described as the first instance of a credit ratings provider publishing information on a blockchain. In April, Japan Securities Clearing Corporation began testing on-chain government bonds on the platform to assess whether Japanese government bonds can be transferred via blockchain and used as digital collateral.
In early May, Amina, a Swiss crypto banking institution, announced custody and trading services for Canton Coin. The firm said it is the first FINMA-regulated Swiss bank to offer support for the token.
Separately, in December 2025, Digital Asset, Canton Network, and DTCC announced a collaboration to tokenize assets held in DTCC custody. With approximately $114 trillion in liquid assets under custody, DTCC has scheduled a tokenized trading pilot for July 2026, with full-scale implementation planned for October.
The reported funding follows closely after a16z crypto closed a $2.2 billion fund, its fifth dedicated cryptocurrency investment vehicle. The firm has allocated roughly $10 billion in total cryptocurrency commitments across all its funds.
In January, a16z general partner Ali Yahya said privacy is the key missing element preventing global finance from fully transitioning to blockchain infrastructure. The report notes that Canton’s built-in privacy capabilities align with that investment philosophy.
Overall cryptocurrency venture activity has slowed, with quarterly transaction volumes falling from 427 deals in Q1 2025 to 97 in Q1 2026. Some established cryptocurrency investors have shifted attention toward artificial intelligence and robotics. Still, major funds continue to deploy capital, including Haun Ventures’ $1 billion fundraising completed last week, and a16z’s recent fund closure indicating continued commitment to the sector.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
