a16z crypto leads $355M Series C for Canton Network developer Digital Asset at $2B valuation, with HSBC, BNP Paribas, Citadel Securities, and CME Ventures co-investing
a16z anchored the largest institutional blockchain infrastructure raise of 2026, betting permissioned privacy on a shared ledger — not new L1s — is the unlock for regulated capital markets; the oversubscribed TradFi-heavy syndicate is the clearest signal yet that Fund V is being deployed into institutional infrastructure.
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Related moves
Coinbase Ventures makes strategic investment in Re, onchain reinsurance protocol with $500M in premiums issued
Coinbase Ventures entering onchain reinsurance — a licensed entity with $500M in issued premiums — is a high-conviction RWA bet on one of the largest and most opaque traditional finance markets; strategic designation suggests board or advisory alignment beyond a purely financial check.
Coinbase Ventures invests in Multipli, the leading RWA tokenized credit protocol on Base with ~$300M AUM
Coinbase Ventures backing the top RWA protocol by AUM on its own chain via the Base Ecosystem Fund is a direct on-strategy move to reinforce Base as the preferred venue for tokenized real-world credit.
Coinbase Ventures participates in CoinFund-led $32M Series A for stablecoin payments infrastructure startup Trace Finance
A second Coinbase Ventures stablecoin-payments check this week reinforces the firm's stated 2026 priority of backing regulated, institutional payment rails — Paxos co-investment suggests stablecoin issuer alignment.
CoinFund leads $32M Series A in Trace Finance to scale stablecoin settlement rails across Brazil, U.S., and APAC
CoinFund is doubling down on cross-border stablecoin infrastructure as a revenue-generating business — Trace's 10x valuation step-up from seed and $10B+ in processed volume provide credible PMF evidence; Coinbase Ventures, Haun Ventures, and Paxos co-investing adds further validator weight.