Digital Asset Eyes $300 Million Raise at $2 Billion Valuation as Tokenization Demand Grows

Blockchain infrastructure firm Digital Asset is preparing a new funding round at an estimated ‘$2 billion valuation', a move that underscores sustained ‘institutional demand' for tokenization rails even as crypto markets digest large on-chain transfers and Ethereum's weakening performance versus Bitcoin. Bloomberg, cited by Wu Blockchain, reported that Andreessen Horowitz's a16z crypto is expected to lead roughly ‘$300 million' in fresh investment into Digital Asset.