Crypto news, Canton Network behind the digital asset holding company is seeking $300 million in funding, with a target valuation of approximately $2 billion, led by Andreessen Horowitz's a16z. The funding is expected to be completed within the next few weeks, with the specific amount potentially subject to change. Investment bank FT Partners is advising on the funding. Canton Network is a privacy-preserving blockchain infrastructure designed to connect financial institutions and their tokenized assets. The network was disclosed in February, when global financial companies first completed a cross-border intraday repurchase agreement using tokenized UK government bonds on its blockchain. This transaction marks the first time a digital version of government bonds has been used in a cross-border intraday repurchase.