The investment comes as blockchains designed for big banks and institutions are having a moment, with Stripe's Tempo and Circle's Arc raising hundreds of millions of dollars.

The funding will enable Digital Asset to accelerate its strategic partners' onchain deployment strategies, CEO Yuval Rooz said.

Digital Asset secured $355 million from investors including a16z crypto, Citadel Securities, and Optiver to expand its Canton Network.

Digital Asset raises $355M led by a16z crypto, with HSBC, Apollo, CME, BNP Paribas and others backing Canton Network's institutional blockchain expansion.

Canton Network creator Digital Asset secured $355 million in a funding round led by Andreessen Horowitz alongside an array of other backers.

Digital Asset secures $355M in new funding led by a16z crypto at a $2B valuation, extending Wall Street-backed support as banks pilot tokenization on Canton Network.

The investment comes as blockchains designed for big banks and institutions are having a moment, with Stripe's Tempo and Circle's Arc raising hundreds of millions of dollars.

Digital Asset raises $355M led by A16z to expand Canton Network, the privacy blockchain processing $4T monthly for TradFi.