Digital Asset raises $300 million in funding at a $2 billion valuation, led by a16z crypto

According to Bloomberg, blockchain infrastructure company Digital Asset is raising approximately $300 million from investors including a16z crypto at a valuation of about $2 billion. Sources familiar with the matter said that a16z crypto—one of the crypto industry’s major venture capital firms—is leading this funding round. The deal is expected to close within the next few weeks, though the final funding amount may still change. Digital Asset’s blockchain has already been adopted by numerous major banks and trading firms.