Digital Asset raises nearly $300 million in funding led by a16z crypto

Techub News, according to crypto.news, Canton Network developer Digital Asset is raising approximately $300 million, led by a16z crypto, at a valuation of nearly $2 billion. The funding round is expected to close within weeks and could become its largest to date. The company focuses on providing privacy-preserving blockchain infrastructure for financial institutions, allowing them to share transaction data while protecting sensitive information. Previously, financial giants like Visa and DTCC have joined its network. This fundraising reflects the growing interest of traditional financial institutions in tokenized assets and privacy-focused blockchain infrastructure.