Digital Asset has raised $355 million in a funding round led by a16z crypto as the company accelerates the expansion of the Canton Network, a blockchain infrastructure platform designed for regulated financial markets.
The round attracted participation from a broad group of financial institutions and market infrastructure providers, including ABN AMRO, BNP Paribas, HSBC, Citadel Securities, Tradeweb, Broadridge, Coinbase Ventures, SoFi, Apollo Global Management, and S&P Global.
The funding represents one of the largest investments in institutional blockchain infrastructure and underscores growing demand for networks capable of supporting tokenized assets and regulated financial applications at scale.
Canton targets institutional financial markets
Unlike public blockchain networks primarily focused on retail users and decentralized finance, Canton was built specifically for banks, asset managers, exchanges, and financial institutions.
The platform is designed to enable institutions to share infrastructure while maintaining privacy, compliance controls, and operational governance requirements.
Digital Asset plans to use the new funding to expand the Canton ecosystem as more financial institutions explore tokenization, digital asset settlement, and blockchain-based market infrastructure.
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According to the company, more than 700 ecosystem participants are already engaged with the network.
Institutional adoption accelerates
The investment comes as financial institutions increasingly move beyond blockchain experimentation and begin deploying production-grade digital asset infrastructure.
Key use cases being explored across the industry include:
- Tokenized real-world assets
- Digital securities settlement
- Cross-border payments
- Treasury operations
- Collateral management
- Shared market infrastructure
Digital Asset believes future adoption will be driven by practical applications that improve efficiency and reduce operational friction across financial markets.
Tokenization momentum continues to build
The latest funding highlights growing industry confidence that tokenization and blockchain-based infrastructure will play an increasingly important role across capital markets.
Banks, asset managers, exchanges, and financial infrastructure providers are investing heavily in technologies that can improve settlement speed, liquidity management, and interoperability between financial institutions.
Digital Asset plans to continue developing privacy-enabled infrastructure capable of supporting tokenized assets, regulated financial applications, and institutional-scale digital finance workflows.
As tokenization moves closer to mainstream adoption, the company is positioning Canton as a foundational infrastructure layer for the next generation of financial markets.
About Digital Asset
Digital Asset is a financial technology company focused on building blockchain infrastructure for regulated financial markets. The company is the creator of the Canton Network, a blockchain platform designed to support institutional-grade privacy, interoperability, and compliance for banks, asset managers, exchanges, and market infrastructure providers.
