The fundraise would be Digital Asset's largest to date and comes as the Canton Network has attracted partners like Visa and Goldman Sachs.
Visa added five blockchains to its stablecoin settlement pilot as annualized volume reached $7 billion, up 50% from last quarter.
Under the pilot, DTC participants will be able to convert entitlements to DTC-held U.S. Treasurys into blockchain-based tokens.
The raise continues a trend of small-cap firms reinventing themselves as digital-asset treasuries to gain market exposure to crypto.