Trading firm DRW Holdings and venture capital firm Liberty City Ventures are reportedly working to raise around $500 million for a publicly listed digital asset treasury designed to hold the Canton Network’s native token, Canton Coin (CC).
According to a Bloomberg report citing unnamed sources, DRW and Liberty City Ventures plan to provide the majority of the capital themselves using Canton Coin, while external investors are expected to contribute an additional $100 million to $200 million.
The sources noted that the details of the deal remain fluid, as the fundraising has not yet been finalized.
Chicago-based DRW Holdings, a multi-asset trading firm, and Liberty City Ventures, a New York venture capital firm focused on crypto, Web3, and AI, are both major backers of the Canton Network.
The fundraising news comes shortly after another Canton milestone — a partnership between BitGo and the Canton Network. Under the agreement, BitGo will integrate custody support for Canton Coin (CC), offering banks and asset managers a regulatory-compliant gateway to the network. The collaboration introduces cold-storage custody, insurance-backed security, and could pave the way for ecosystem expansion through stablecoins and other onchain financial assets.
Meanwhile, the project has added two prominent validators, P2P.org and Chainlink, with Chainlink joining as a “super validator” and integrating its data and cross-chain interoperability protocols into the network.
The Canton Network is built to enable institutional-grade, compliant trading and interoperability between financial applications and tokenized assets. Alongside DRW and Liberty City Ventures, its backers include some of the world’s largest financial and tech institutions — Digital Asset, HSBC, BNP Paribas, CBOE, Goldman Sachs, Deutsche Bank, and Paxos.
