Institutional backers plot $500M Canton token treasury: Report

Trading firm DRW Holdings and venture capital firm Liberty City Ventures are reportedly planning to raise approximately $500 million for a publicly listed digital asset treasury dedicated to holding the Canton Network’s native token, Canton Coin (CC). DRW and Liberty City Ventures are expected to contribute the majority of the funds, with external investors potentially adding between $100 million and $200 million, though the deal is not yet finalized. Both firms are existing backers of the Canton Network, a blockchain designed for compliant institutional trading and asset tokenization. This development follows recent positive news for Canton, including a partnership with BitGo for custody support and the onboarding of P2P.org and Chainlink as validators.

(Source：Cointelegraph)