Digital Asset Holdings LLC has attracted significant new investment, valuing the company at approximately $2 billion. The enterprise-focused blockchain developer, known for powering infrastructure used by major banks and financial institutions, is in the process of closing a substantial funding round led by various venture investors.
The financing, initially reported as targeting around $300 million, ultimately closed at a higher $355 million according to subsequent announcements.
Andreessen Horowitz’s a16z crypto arm led the effort, drawing participation from a diverse group of traditional finance and crypto-native players.
Investors included subsidiaries of the Abu Dhabi Investment Authority, Apollo Funds, BNP Paribas, Broadridge, Citadel Securities, CME Ventures, Coinbase Ventures, HSBC, S&P Global, Tradeweb, and others. Financial Technology Partners (FT Partners) advised the company on the transaction.
This latest capital raise underscores growing confidence in blockchain solutions tailored for regulated markets.
Digital Asset, founded in 2014, has carved a niche by creating tools that help large institutions automate complex processes, improve settlement efficiency, and enable secure tokenization of assets.
Its Canton Network stands out as a privacy-preserving blockchain platform that allows participants to share infrastructure while maintaining strict control over sensitive commercial data—an essential feature for Wall Street adoption.
The company’s technology has facilitated real-world applications, including cross-border intraday repo transactions using tokenized securities.
Several global banks and trading firms actively pilot or deploy solutions on the Canton ecosystem, reflecting a shift toward production-grade, compliant blockchain use cases rather than speculative retail applications.
CEO Yuval Rooz described the funding as strengthening the firm’s balance sheet and providing flexibility for strategic initiatives.
With the company already profitable, the proceeds will support mergers and acquisitions, deeper partnerships, and expansion of on-chain offerings for financial institutions.
Rooz emphasized avoiding typical crypto funding structures that recycle capital circularly, instead focusing on genuine infrastructure growth.
This round builds on Digital Asset’s momentum from prior raises.
In mid-2025, the firm secured $135 million in strategic funding, followed by a $50 million injection later that year backed by institutions like BNY Mellon and Nasdaq.
Supporters include DRW Holdings and Citadel Securities.
The $2 billion valuation marks a substantial increase, positioning Digital Asset as a leader in the institutional crypto infrastructure space amid a more selective venture funding environment.
The involvement of a16z crypto is particularly noteworthy. The firm continues to deploy capital aggressively into blockchain projects with tangible utility, especially those bridging traditional finance and decentralized technology.
This deal aligns with broader industry trends where major banks and asset managers explore tokenization to unlock liquidity and efficiency in capital markets.
As regulatory clarity improves and tokenized asset pilots scale, companies like Digital Asset are well-placed to benefit.
The new capital equips the firm to accelerate ecosystem growth, attract more developers, and help partners transition mission-critical workflows onto secure, interoperable networks.,
This funding round indicates institutional interest in enterprise blockchain despite broader market volatility. It signals that high-quality infrastructure providers focused on real-world financial applications continue to command premium valuations from sophisticated investors.