Overview of Transaction

• On June 11, 2026, Digital Asset (“DA”), the creator of the Canton Network, announced it has raised a $355 million Series F financing led by Andreessen Horowitz’s crypto fund (“a16z crypto”)
• The funding will support Digital Asset’s next phase of growth as more institutions bring assets, applications and regulated workflows onto Canton
• Digital Asset has designed the Canton Network to address one of the central barriers to blockchain adoption in financial markets: enabling institutions to use shared infrastructure while preserving the privacy, compliance, control and interoperability required in regulated finance
• The invested capital will be used to expand offerings across the Canton ecosystem, deepen engagement with developers and financial institutions and support continued network growth
• The transaction is expected to close in July 2026, subject to customary closing conditions and regulatory approvals

Significance of Transaction

• The Series F cements Digital Asset as critical infrastructure for institutional tokenization, providing the Company with the resources to support accelerating institutional adoption and expand use cases where shared, privacy-enabled infrastructure can reduce friction and improve capital efficiency – including tokenization, collateral mobility, settlement, payments and other regulated financial workflows
• a16z crypto brings strategic value to Digital Asset and the Canton Network via its extensive institutional network, deep crypto-native expertise and proven track record of scaling transformative technology companies

FT Partners' Role

• Financial Technology Partners (FT Partners) served as the exclusive strategic and financial advisor to Digital Asset
• This transaction highlights FT Partners’ deep domain expertise across digital assets, as well as its successful track record generating highly favorable outcomes for leading companies around the world