Digital Asset Secures $355M Funding to Enhance Privacy Blockchain

WHO:

Techmeme - Digital Asset Holdings LLC is the organization that raised the funding.

Bloomberg Law - The funding round was led by Andreessen Horowitz's main crypto fund, a16z.

WHAT:

Fortune - The Fortune Crypto Innovators list recognized 30 companies and projects that are advancing the digital assets ecosystem, selected from over 150 nominations.

Fortune - The market capitalization of Cardano's native token, ADA, is reported to be more than $8.3 billion as of June 2026.

Fortune - HashKey Group has a market capitalization of $1.1 billion as of June 2026.

Fortune - Keyrock reached a $1.1 billion valuation in March 2026 after a Series C funding round led by Standard Chartered’s venture arm, SC Ventures.

Fortune - TRM Labs raised $70 million in February 2026 at a $1 billion valuation.

Techmeme - Digital Asset raised $355 million in a new funding round.

Cointelegraph - The funding round valued Digital Asset at $2 billion.

Cointelegraph - The funding extends a Wall Street-backed funding run as banks ramp up pilots on its Canton Network blockchain.

WHERE:

Bloomberg Law - The Canton Network is a public blockchain with privacy features.

WHEN:

Cointelegraph - The article indicates that banks are ramping up pilots on the Canton Network blockchain, but no specific future date is provided.

WHY:

Cointelegraph - The funding is part of a trend where Wall Street is increasingly investing in blockchain technology.

HOW:

Bloomberg Law - The funding round included $100 million from a16z crypto.

(UPDATED June 11, 2026 18:05 UTC)

The Fortune Crypto Innovators list has highlighted 30 companies and projects that are making significant strides in the digital assets ecosystem, chosen from over 150 nominations. As of June 2026, Cardano's native token, ADA, boasts a market capitalization exceeding $8.3 billion, while HashKey Group also stands at $1.1 billion. Additionally, Keyrock achieved a $1.1 billion valuation following a Series C funding round in March 2026, and TRM Labs raised $70 million in February 2026, reaching a valuation of $1 billion.

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(UPDATED June 11, 2026 16:25 UTC)

Digital Asset Holdings LLC has successfully raised $355 million in a new funding round led by Andreessen Horowitz's main crypto fund, a16z, which has valued the company at $2 billion. This funding is part of a growing trend of Wall Street investing in blockchain technology, as banks are ramping up pilots on Digital Asset's Canton Network, a public blockchain with privacy features. The round included a significant contribution of $100 million from a16z crypto, further solidifying the financial backing for this innovative technology.