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Digital Asset is nearing a $300 million funding round that would value the firm at about $2 billion, highlighting growing investor confidence that enterprise blockchain infrastructure is becoming central to global financial markets.
Bloomberg reported on 10 May 2026 that Digital Asset is targeting a $300 million raise at a valuation of roughly $2 billion. The round is expected to be led by Andreessen Horowitz, described as one of the largest recent bets on institutional-grade distributed ledger technology.
The funding comes as adoption of Digital Asset’s Canton Network accelerates. Canton is a permissioned blockchain built for regulated financial institutions. Unlike public networks, it is designed to support composable privacy, enabling participants to transact while selectively sharing data—an approach viewed as important for banks and asset managers.
The valuation is described as a sharp increase from prior funding rounds, reflecting Canton’s expanding role in institutional workflows. Market participants increasingly frame enterprise blockchain as potential infrastructure for high-value financial operations rather than experimental technology.
Momentum around the ecosystem has also been supported by new investment products. 21Shares launched an exchange-traded fund tied to the Canton Network, giving investors exposure to its native token without direct custody requirements. The fund’s listing on Nasdaq is intended to broaden access for both retail and institutional investors seeking exposure to blockchain infrastructure linked to traditional finance.
Adoption has been driven by participation from large financial and technology firms. Visa has joined Canton as a validator, with a focus on integrating payment flows with privacy-preserving settlement. Separately, the Depository Trust & Clearing Corporation is advancing pilots to tokenize U.S. Treasury securities, with plans to move toward production later this year.
These efforts reflect the scale at which the network is being tested. By connecting multiple institutions within shared infrastructure, Canton aims to streamline processes including clearing, settlement, and collateral management.
Growth is also supported by evolving regulatory frameworks that favor compliant, permissioned systems. Financial institutions, the article notes, require infrastructure that meets strict standards for data protection and oversight—areas where private blockchains may have an advantage over fully public networks.
In Europe, regulated entities have begun offering custody and trading services tied to Canton-based assets, further integrating the network into the traditional financial system.
The funding round reflects a broader shift in market perception as tokenization of real-world assets accelerates. While public blockchains remain dominant in retail and decentralized applications, enterprise-focused networks like Canton are carving out a parallel role in regulated finance.
The article states that if adoption continues at its current pace, such systems could form an infrastructure layer for a significant portion of global financial activity in the years ahead.
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