The report says a16z crypto (Andreessen Horowitz’s digital asset arm) is expected to lead the raise as Canton Network gains traction among institutions, with Visa involved and a government bond pilot cited as evidence of adoption.
Canton Network is reportedly planning to raise ¥47 billion in a funding round that would value the blockchain network at about $2 billion. According to the report, the round is set to be led by a16z crypto (Andreessen Horowitz’s digital asset arm). The report also says institutional adoption is accelerating, pointing to Visa’s participation and a government bond pilot. In crypto markets, fundraising at this scale is typically viewed as a sign that investors see potential demand for blockchain infrastructure aimed at regulated financial use cases.