Canton Network developer seeks to raise $300 million at a valuation of approximately $2 billion

Odaily reported that Digital Asset (the developer of Canton Network) is reportedly raising approximately $300 million in funding at a valuation of around $2 billion, led by a16z crypto, the venture arm of Andreessen Horowitz.

The funding round is expected to close within the next few weeks and would be the company's largest financing round to date. Canton Network has attracted participation from institutions including Visa, Goldman Sachs, and DTCC.

The network focuses on a privacy-configurable public chain designed for institutions and has already processed or issued over $6 trillion in tokenized assets.