Canton Network creator targets $300M in capital raise: Report

Bloomberg reported Digital Asset Holdings is raising money at a $2B valuation in a round led by a16z Crypto, which comes less than a year after an earlier nine-figure round.

Digital Asset Holdings, the enterprise blockchain company behind the Canton Network, a permissioned blockchain network for financial institutions with privacy features, is reportedly raising fresh capital at a $2 billion valuation.

The $300 million round is being led by venture capital firm a16z crypto, and is expected to close in several weeks, according to Bloomberg, which cited unidentified people with knowledge of the deal.

The report comes less than a year after Digital Asset announced it had raised $135 million in a strategic funding round led by DRW Venture Capital and Tradeweb Markets. A company spokesman on Sunday declined to comment in response to an email query from Cointelegraph.

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