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Canton Network's Backers Plan to Raise $500 Million to Establish Listed Entity for Canton Coin Investment
Summary: According to Bloomberg, backers of Canton Network are in talks to raise around $500 million to establish a listed entity for investing in the bank-backed blockchain token Canton Coin. The entity also plans to operate as a super validator on the network and develop related applications. DRW Holdings and Liberty City Ventures will contribute most ...
According to Bloomberg, backers of Canton Network are in talks to raise around $500 million to establish a listed entity for investing in the bank-backed blockchain token Canton Coin. The entity also plans to operate as a super validator on the network and develop related applications. DRW Holdings and Liberty City Ventures will contribute most of the funds in Canton Coin, with an additional $1 to $2 billion expected from external investors. Sources say Liberty City Ventures Managing Director Mark Toomey will serve as the entity's president, while former DRW COO Mark Wendland will be the CEO.
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Link: Canton Network's Backers Plan to Raise $500 Million to Establish Listed Entity for Canton Coin Investment [Copy]
