PANews reported on May 11 that, according to Bloomberg citing sources familiar with the matter, Digital Asset Holdings LLC, the developer of Canton Network, is raising funds at a valuation of approximately $2 billion. A16z crypto led the round, raising approximately $300 million, and the round is expected to be completed in the coming weeks.

Canton Network is a public blockchain that allows users to retain some of their information private and is positioned as suitable for mainstream financial transactions. Digital Asset previously completed a $135 million funding round in June 2025, led by DRW Venture Capital and Tradeweb Markets; in December of the same year, it raised another $50 million from institutions including Bank of New York Mellon, Nasdaq, and S&P Global.