Digital Asset (DA), the creator of Canton, has announced a US$355 million funding round led by Andreessen Horowitz’s crypto fund, a16z crypto, with participation from leading institutions across traditional and decentralized finance, including 7RIDGE, ABN Amro, the Abu Dhabi Investment Authority (through a wholly owned subsidiary), Alumni Ventures, Apollo Funds, BNP Paribas, Broadridge, Citadel Securities, CME Ventures, Coinbase Ventures, Greenwulf Asset Management, Hanwha Investment & Securities, HSBC, iCapital, Liberty City Ventures, Optiver, Polychain, R136 Ventures, S&P Global, SBI Group, Smash Capital, SoFi, Tradeweb, and William Blair. Financial Technology Partners (FT Partners) served as the exclusive strategic and financial advisor to DA on this transaction.
Latham & Watkins LLP advised a16z crypto in the transaction with a corporate team led by Bay Area partner Ben Potter and Los Angeles partner Steven Dunst, with associates Kojo Hayward and Andrea Tam. Advice was also provided on digital asset matters by New York partner Stephen Wink; on tax matters by Los Angeles counsel William Kessler; and on intellectual property matters by associate Preeta Reddy.
