Canton Network developer plans to raise $300 million, with a valuation of approximately $2 billion

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

The funding round is expected to be completed within the coming weeks and will be the company's largest to date. Canton Network has attracted participation from institutions including Visa, Goldman Sachs, and DTCC.

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