Digital Asset Holdings LLC, greatest often called the entity behind the Canton Community, has raised one other $355 million in a brand new funding spherical led by Andreessen Horowitz’s important crypto fund.
The US-based privately held enterprise capital agency, based by Marc Andreessen and Ben Horowitz, contributed $100 million. Different notable names that participated within the funding spherical embody heavyweights like Citadel Securities, Apollo, BNP Paribas, CME Ventures, Coinbase Ventures, and HSBC.
Digital Asset Holding constructed the Canton Community, a layer-1 smart-contract blockchain with configurable privateness and controls. It goals to change into a family title within the quickly rising sectors of Actual-World Belongings (RWA) and TradFi establishments.
It makes use of a two-tier consensus mechanism that permits limitless horizontal scalability of the community. It additionally maintains full sensible contract interoperability.
In accordance with studies, the Canton Community has already supported $6 trillion in tokenized issuance, whereas the proceeds from the newest funding spherical will probably be channeled towards partnerships, M&A, and ecosystem enlargement.
It’s price noting that that is the second main funding spherical closed by Digital Asset Holdings. Within the earlier spherical, introduced a month in the past, the entity raised $300 million at a near-$2 billion valuation, and a16z was as soon as once more on the forefront.
In 2025, it raised $50 million from main backers reminiscent of Nasdaq and Financial institution of New York Mellon.
The publish Digital Asset Holdings Secures One other $355 Million in Funding Spherical Led by a16z appeared first on CryptoPotato.