Institutional Investors Plan $500 Million Canton Token Treasury

DRW Holdings and Liberty City Ventures are seeking to raise approximately $500 million for a publicly listed digital asset treasury. This treasury will hold Canton Network’s native token, Canton Coin (CC), according to a report by Bloomberg which cited unnamed sources. DRW Holdings and Liberty City Ventures will contribute the majority of the funds using CC, with external investors expected to contribute between $100 million and $200 million. This deal is currently in negotiation, and the specifics could change.