Canton Network raised $355M led by a16z crypto with participation from major institutional investors including ADIA, Apollo, HSBC, and Citadel Securities.
VC & Fundraising ·
Digital Asset, developer of the Canton blockchain, closed a $355 million funding round led by Andreessen Horowitz's crypto arm, according to multiple reports. The round included participation from major institutional investors spanning finance, technology, and digital assets: Abu Dhabi Investment Authority, Apollo Global Management, BNP Paribas, Broadridge, Citadel Securities, CME Ventures, Coinbase Ventures, HSBC, Optiver, Polychain Capital, SBI Holdings, SoFi, Tradeweb, and others.
Canton Network is positioned as a privacy-focused institutional blockchain. The funding reflects investor confidence in enterprise-grade blockchain infrastructure, with backers including traditional financial firms, trading platforms, and index providers alongside crypto-native venture funds.
The round's structure and timing remain limited in public disclosure. Details on valuation, governance changes, planned deployments, and specific use cases the capital will fund have not been publicly elaborated.