[Update June 11, 1:50 pm UTC. Adds commentary from Yuval Rooz, cofounder and chief executive of Digital Asset, in the fourth and fifth paragraph]
Digital Asset Holdings has raised $355 million in a brand new spherical led by Andreessen Horowitz’s crypto arm, highlighting Wall Road’s accelerating push into permissioned blockchain infrastructure.
A16z crypto contributed $100 million, alongside 7RIDGE, the Abu Dhabi Funding Authority, Citadel Securities and Optiver, in a deal that values Digital Asset at round $2 billion, based on a Thursday Bloomberg Legislation report citing individuals acquainted with the matter.
The capital will likely be used to scale the Canton Community, developed and maintained by Digital Asset, designed for monetary establishments to tokenize and settle conventional securities whereas retaining commercially delicate information personal.
Cofounder and chief government of Digital Asset, Yuval Rooz, instructed Cointelegraph the corporate can now “speed up strategic partnerships and assist main monetary establishments transfer mission-critical infrastructure onchain quicker,“ including that Canton is the proper platform to “assist construct their infrastructure to carry these use circumstances to life.”
He stated that Canton was designed for regulated finance from day one, and that no third celebration can change an issuer’s books and data with out its consent, which is “important if capital markets infrastructures are going to place their techniques onchain.”
Canton has already been piloted by establishments reminiscent of Goldman Sachs, BNY Mellon, BNP Paribas, Commonplace Chartered, Société Générale and Deutsche Börse.
Final month, Bloomberg reported that Digital Asset had initially been searching for roughly $300 million at that valuation and anticipated to shut the financing inside weeks.
Elevate builds on a multiyear funding stack for Digital Asset
The newest elevate extends a run of Wall Road-backed funding for Digital Asset. In June 2025, the corporate secured $135 million from DRW Enterprise Capital, Tradeweb, Citadel Securities, IMC, Optiver, Goldman Sachs, Virtu and others, adopted by a $50 million strategic spherical that December from BNY Mellon, Nasdaq, S&P World and iCapital.
These rounds added to greater than $120 million raised in 2021 from traders together with 7RIDGE and Eldridge, following earlier investments from JPMorgan, Citi, Deutsche Börse, Goldman Sachs, IBM, Samsung and Salesforce.
Cointelegraph reached out to Digital Asset for remark, however had not acquired a response by publication.
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