Digital Asset Holdings, the enterprise blockchain company behind the Canton protocol, is raising capital at a $2 billion valuation with a16z crypto among its investors.

What we know about the raise

The fundraise puts Digital Asset Holdings in rare company. A $2 billion valuation represents a significant step up for a firm that has historically raised over $300 million across its lifetime.

Andreessen Horowitz’s crypto fund is participating in the round. The venture firm’s crypto arm has deployed billions since launching in 2018, with total funds raised reaching $7.6 billion across multiple vintages.

a16z crypto is currently in the process of raising its fifth dedicated fund, targeting $2 billion with an expected…