Canton Network surges with Visa backing and $6T in tokenised assets
The Canton Network, a blockchain built for privacy and confidentiality, has seen rapid growth in adoption and investment. Visa recently joined as a key participant, while major funding rounds signal strong industry backing. Over $6 trillion in tokenised assets have already moved through the platform. Digital Asset Holdings, the company behind Canton, is now in talks to raise around $300 million at a $2 billion valuation. This follows a sharp increase from its last funding round in December 2025, which brought in $50 million. In November, Canton Strategic Holdings secured $540 million to build a treasury for its native Canton Coin.
Visa’s involvement has grown steadily. In March, the payments giant became a Canton Super Validator—its first blockchain governance role. By April, it had added Canton to its stablecoin settlement pilot, alongside networks like Base, Polygon, and Tempo.
Technical progress has also advanced. In March, a project called Zenith successfully completed atomic swaps between Canton and an EVM-compatible environment. This development could make it easier for Ethereum developers to interact with the network.
Meanwhile, a16z crypto has raised $2.2 billion for its fifth dedicated crypto fund, bringing its total crypto investments to roughly $10 billion. The firm is leading Canton’s latest financing round, which is expected to close in the coming weeks. The Canton Network now supports over $6 trillion in tokenised assets, with growing institutional interest. Visa’s participation and new funding rounds suggest the platform is gaining traction in both traditional finance and blockchain sectors. Further integration with Ethereum-compatible systems could expand its reach even more.
