Canton Network Creator Digital Asset Raises $355M From a16z, Abu Dhabi Sovereign Fund

Digital Asset, creator of the Canton Network for institutional blockchain transactions, raised $355M led by a16z crypto and the Abu Dhabi Investment Authority, with backing from Citadel Securities, CME, and HSBC.

• Digital Asset raised $355M in a round led by a16z crypto and the Abu Dhabi Investment Authority.
• Other investors include Citadel Securities, CME Ventures, S&P Global, BNP Paribas, HSBC, and Coinbase Ventures.
• Canton is a 'network of networks' designed to bring bonds, equities, and commodities on-chain for financial institutions.
• The network has gained over 700 ecosystem participants since its debut nearly two years ago.
• Digital Asset has now raised roughly $845M in total funding across all rounds.

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Last updated 12 Jun 2026