TechFlow news, October 30 — According to sources familiar with the matter, supporters of the Canton Network are in talks to raise around $500 million to establish a publicly listed entity that will invest in blockchain tokens backed by the bank, making it the latest addition to the Digital Asset Treasury (DAT) landscape.
The funding will largely come from trading giant DRW Holdings and Liberty City Ventures, who plan to provide a significant portion in the form of Canton Coin—a token not yet listed on any cryptocurrency exchange. Another $100–200 million is expected to come from external investors. As the deal has not been finalized, details may still change.
Besides investing in tokens, the listed entity also plans to enhance overall network utility by serving as a "super validator" to generate tokens and by developing applications related to the Canton blockchain.
If the $500 million fundraising succeeds, the entity will become another publicly traded digital asset treasury company. Such firms offer investors indirect exposure to cryptocurrencies through stock ownership, a model similar to Michael Saylor's Strategy Inc. This approach has drawn numerous imitators this year, collectively holding billions of dollars in digital assets.
