DRW Holdings and Liberty City are reportedly leading a $500M fundraise for a Canton Network token treasury.
Trading firm DRW Holdings and venture capital firm Liberty City Ventures are reportedly seeking to raise around $500 million for a publicly listed digital asset treasury that will hold the Canton Network’s native token, Canton Coin.
According to a report from Bloomberg, citing unnamed sources, DRW Holdings and Liberty City Ventures will contribute the majority of the funds as Canton Coin , while external investors are expected to contribute between $100 million and $200 million.Source:DRW Holdings is a Chicago-based trading firm that is diversified across a wide range of asset classes, while the New York-based Liberty City Ventures is more heavily focused on the crypto market, Web3 and AI. Both are backers of the Canton Network.and the Canton Network announced a partnership that will see BitGo integrate custody support for CC.The move will provide banks and asset managers with a regulatory-compliant way to access the network and the CC token, while it also introduces cold-storage custody, insurance-backed security and potential for ecosystem growth via stablecoins and other onchain assets. Elsewhere, the project also recently onboarded two significant validators in P2P.org and Chainlink, withas a “super validator” and integrating its data services and crosschain interoperability protocol. The Canton Network is a blockchain designed for compliant trading by institutions, enabling interoperability between financial apps and tokenized assets. Outside of DRW Holdings and Liberty City Ventures, it is
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Coinbase, Figment broaden institutional staking beyond EthereumCoinbase and Figment widen staking access for institutions, adding Solana, Avalanche and more PoS networks beyond Ethereum.
Read more »
BitcoinOS $BOS Token Is Live On Binance Alpha And Top Tier CEX Listings, Advancing Institutional BTCFiBitcoinOS $BOS Token Is Live On Binance Alpha And Top Tier CEX Listings, Advancing Institutional BTCFi
Read more »
BitGo expands institutional custody to Canton Network’s native tokenBitGo now offers custody for Canton Coin, the native token of the Canton Network, enabling institutional holders to meet US compliance standards.
Read more »
Cardano (ADA) Falls Below Key Support as Institutional Investors Pull BackThe network’s native token, ADA, dropped 3% over the past 24 hours as selling pressure mounted and altcoin rotation gained pace.
Read more »
Stellar (XLM) Rises on Institutional Accumulation, Eyes Breakout Amid Protocol 24 OptimismStellar Lumens (XLM) experienced a 1.5% increase, trading above $0.32 with a 134% volume surge, signaling institutional buying ahead of the Protocol 24 upgrade. Technical analysis highlights controlled price action, indicating accumulation rather than retail speculation. The ecosystem continues to expand, reaching $639 million in tokenized assets.
Read more »
Institutional traders now drive 80% of Bitget’s volume: ReportA Bitget–Nansen report finds institutions account for 80% of the exchange’s trading volume, reflecting broader liquidity gains and growing institutional adoption in crypto.
Read more »