BlockBeats News, May 11th, according to Bloomberg, Digital Asset, a platform company providing blockchain technology to several large banks and trading firms, is undergoing a new round of funding. Sources familiar with the matter said the company is valued at around $20 billion, with investors including a16z crypto.

Sources indicated that Andreessen Horowitz's a16z crypto, as one of the largest venture capital firms in the crypto industry, is leading this round of funding of approximately $300 million.

They mentioned that this funding is expected to be completed in the coming weeks, and the final amount raised may still change. As the discussions are in a private negotiation stage, the sources requested anonymity.