Digital Asset Raises $300M at $2B Valuation in Largest Round Yet, Led by a16z
Digital Asset is raising $300 million at a $2 billion valuation in what would be the largest fundraise in the company's history. The round is being led by Andreessen Horowitz's dedicated crypto fund, a16z Crypto. The company's Canton Network blockchain infrastructure has already drawn heavyweight institutional partners including Visa and Goldman Sachs.
This signals that institutional-grade blockchain infrastructure — the kind built for banks and large corporations, not retail crypto traders — is attracting serious venture capital again. A16z leading at a $2 billion valuation is a credibility stamp that could accelerate adoption of Canton Network and puts pressure on competing enterprise blockchain platforms. It also reinforces the broader narrative that institutional crypto infrastructure is a growth area even when retail sentiment is mixed.
Ongoing: Watch for official closing announcement of the $300M round and any new Canton Network partner disclosures. Q3 2025: Monitor a16z Crypto portfolio announcements for additional enterprise blockchain investments that may signal a broader sector thesis.
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