Digital Asset Seeks $300M at $2B Valuation With a16z crypto Expected to Lead

Digital Asset is raising about $300 million at an approximately $2 billion valuation, with a16z crypto expected to lead the round. Digital Asset develops Canton Network and is backed by DRW, Citadel Securities, and several Wall Street banks. The company previously raised $50 million in 2025 from investors including BNY Mellon and Nasdaq.

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