Digital Asset has secured $355 million in new financing as Wall Street’s push to bring traditional assets onto blockchain networks continues to gain momentum.

The round was led by Andreessen Horowitz’s a16z crypto fund, which invested $100 million. Other investors including 7RIDGE, the Abu Dhabi Investment Authority, Citadel Securities, and Optiver, also participated in the round.

The move comes after Digital Asset raised approximately $185 million across two funding rounds in 2025, backed by investors including DRW Venture Capital, Tradeweb Markets, BNY Mellon, Nasdaq, and S&P Global.

Bloomberg reported in May that the blockchain infrastructure firm sought about $300 million in funding led by a16z crypto, targeting a valuation of roughly $2 billion.

Digital Asset is a leading blockchain innovator and the creator of the Canton Network, a privacy-enabled public layer 1 blockchain for financial institutions. The company’s mission is to improve the flow of capital by making financial markets more efficient, transparent, and resilient.

Through enterprise-grade software and services, Digital Asset helps organizations access the Canton ecosystem and accelerate the development of institutional tokenization and digital asset applications.

Digital Asset and the Canton Network are working with the Depository Trust & Clearing Corporation to bring US Treasury securities onto blockchain infrastructure through tokenization. The multi-year project aims to create a regulated, interoperable digital asset infrastructure that supports privacy, compliance, and institutional control, with plans to broaden access to a wider range of traditional financial assets.