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Digital Asset Seeks New Funding at About $2 Billion Valuation

According to Bloomberg, Digital Asset is seeking $300 million, or about ¥47 billion, at a roughly $2 billion valuation as Canton Network adds Visa and cites tokenized Treasury and government bond pilots as signs of institutional adoption.

Fact Check
The claim is directly and fully supported by Bloomberg's original May 10, 2026 report ('DRW-Backed Digital Asset Raising Money at $2 Billion Valuation'), which is the primary source. All three specific claims - the ~$300M raise amount, the ~$2B valuation, and a16z crypto leading the round - are confirmed verbatim. The Block independently corroborated the same facts the same day, adding that the round is expected to close in coming weeks. Multiple social media posts from May 10, 2026 further amplify the Bloomberg-sourced story. No conflicting or contradictory evidence was found. The only caveat is that the round had not yet formally closed as of the reporting date, so the final terms could theoretically change.
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Summary

According to Bloomberg, Digital Asset, the company behind Canton Network, is seeking $300 million, reported in one version as about ¥47 billion, in a funding round that would value it at roughly $2 billion. The round is expected to be led by a16z crypto. The reporting ties the fundraising to rising institutional interest in Canton Network, citing Visa’s participation as well as tokenized Treasury experiments and a government bond pilot as evidence of adoption in regulated financial-market use cases.

Terms & Concepts
  • Canton Network: A blockchain network developed by Digital Asset for institutional financial use cases and market transactions.
  • tokenized Treasury: A blockchain-based representation of a Treasury instrument, designed to enable digital settlement, transfer, or use within tokenized financial systems.
  • valuation: An estimate of a company’s worth used in fundraising to help determine the price investors pay for ownership stakes.