On October 30, it was reported that some backers of Canton Network are in talks to raise about $500 million to establish a listed entity to invest in the bank's blockchain-backed token Canton Coin. The entity also plans to run the network as a super validator and develop related applications. DRW Holdings and Liberty City Ventures will contribute the majority of the amount in Canton Coin, with an additional $100 million to $200 million proposed from external investors.
Mark Toomey, managing director of Liberty City Ventures, will become president of the entity, and Mark Wendland, former chief operating officer of DRW, will become CEO.
Canton Network's backer plans to raise $500 million to establish a listed entity to invest in Canton Coin
2025-10-30 00:34:03
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