Canton Network Backers Target $500M for Token Treasury, Signaling Institutional Crypto Push

DRW Holdings and Liberty City Ventures are reportedly spearheading efforts to raise approximately $500 million for a publicly listed digital asset treasury focused on the Canton Network's native token, Canton Coin (CC). This initiative aims to bolster the network's stability and accelerate institutional adoption of blockchain technology. The news, initially reported by Cointelegraph, suggests a significant move towards integrating digital assets into traditional finance.

The proposed treasury vehicle is designed to manage the supply and demand of the CC token, provide liquidity, and fund the Canton Network's ongoing development and ecosystem growth. While DRW Holdings and Liberty City Ventures are expected to contribute a substantial portion in Canton Coins, external investors are targeted to contribute between $100 million and $200 million. Sources indicate that the specifics of the deal are still subject to change as it has not yet closed.

Canton Network is a privacy-focused layer-1 blockchain built for compliant institutional trading, enabling interoperability between financial applications and tokenized assets. It is backed by a consortium of major financial players, including Digital Asset, HSBC, BNP Paribas, CBOE, Goldman Sachs, and Paxos. The network’s design prioritizes the confidentiality required by regulated entities, setting it apart from many public blockchains.

Recent developments further underscore the network's growing infrastructure, with BitGo integrating custody support for CC, offering regulatory-compliant access for banks and asset managers. Additionally, P2P.org and Chainlink have joined as validators, with Chainlink serving as a "super validator" and integrating its data services. This strategic move by DRW Holdings, a diversified trading firm, and Liberty City Ventures, a crypto-focused VC, highlights a growing trend of institutional engagement in the digital asset space.

The creation of such a treasury vehicle could mark a pivotal moment for enterprise blockchain, reflecting increasing institutional trust in privacy-focused tokenization and real-world asset integration. The Canton Network aims to bridge traditional finance with digital assets, facilitating the tokenization of bonds, loans, and stablecoins while ensuring compliance and confidentiality. If successful, this fundraising effort could significantly expand the network's reach into global markets and accelerate the adoption of regulated blockchain solutions.