Digital Asset Seeks $300M at $2B Valuation for Canton Network

Digital Asset Holdings is seeking about $300 million at a roughly $2 billion valuation, with a16z crypto among the prospective investors. The round follows an estimated $50 million strategic investment in late 2025 from firms including BNY and Nasdaq, alongside existing backers DRW and Citadel Securities. Canton Network recently facilitated the first cross-border intraday repo using tokenized U.K. gilts.

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