$355M Funding Round Bolsters Digital Asset's Canton Infrastructure

Digital Asset (DA) has secured $355 million in funding from a16z crypto and other prominent investors. The investment round marks a significant milestone for DA, which is behind the development of Canton, an infrastructure platform for digital assets.

The list of participants includes 7RIDGE, ABN Amro, the Abu Dhabi Investment Authority (through a wholly owned subsidiary), Alumni Ventures, Apollo Funds, BNP Paribas, Broadridge, Citadel Securities, CME Ventures, Coinbase Ventures, Greenwulf Asset Management, Hanwha Investment & Securities, HSBC, iCapital, Liberty City Ventures, Optiver, Polychain, R136 Ventures, S&P Global, SBI Group, Smash Capital, SoFi, Tradeweb, and William Blair.

The funding will support DA's next phase of growth as more institutions bring assets, applications, and regulated workflows onto Canton. The company plans to use the capital to expand offerings across the Canton ecosystem, deepen engagement with developers and financial institutions, and support continued network growth.