Andreessen Horowitz and Abu Dhabi Investment Authority lead funding for Canton Network, targeting institutional blockchain adoption.
Digital Asset secured $355 million in a funding round led by Andreessen Horowitz’s crypto arm, a16z crypto. The investment includes backing from Abu Dhabi Investment Authority and Wall Street firms like Citadel Securities and HSBC.
The round follows Canton Network’s launch nearly two years ago as a permissioned blockchain for financial institutions. Participants also include CME Ventures, S&P Global, and global banks such as BNP Paribas and ABN Amro.
The funding underscores growing institutional interest in blockchain networks for real-world asset transactions, including bonds, equities, and commodities. Canton’s architecture allows firms to maintain control while connecting to a broader ecosystem.