Digital Asset Holdings seeks $300M at $2B valuation, led by a16z crypto, boosting privacy-focused blockchain for finance.

Digital Asset Holdings is reportedly raising about $300 million at a valuation near $2 billion, led by Andreessen Horowitz's crypto arm, a16z crypto. The funding round could be the company's largest to date and supports its Canton Network, a privacy-focused blockchain designed for financial institutions to handle tokenized assets, payments, and settlements securely. Canton Network has attracted major financial players like Visa and DTCC, aligning with upcoming tokenized securities pilots and regulated finance needs. This new round follows previous funding rounds backed by top financial firms, signaling strong confidence in Digital Asset's role in institutional blockchain infrastructure.