Cancore raises $7.2 million seed round at $60 million token valuation
Canton-based trading platform Cancore has secured $7.2 million in seed funding at a $60 million token valuation to expand its cross-chain trading capabilities and support for tokenized real-world assets.
Cancore, a trading platform built to link assets on the Canton Network with liquidity across public blockchains, has raised $7.2 million in a seed round valuing its token at $60 million, according to reports from The Block and BSCNews. The investment round included participation from Paper Ventures, dao5, ArkStream Capital, X Ventures, MH Ventures, and Proof of Talk. A Cancore co-founder noted that the round had no formal lead investor, though Paper Ventures and dao5 secured the largest allocations.[1][2][3][4]
The platform has been active on the Canton mainnet since April and has settled more than $85 million across Canton and public blockchains to date. Cancore currently connects with Ethereum, Arbitrum, BNB Chain, Robinhood Chain, and Tron, with plans to add Solana integration next.[1]
Cancore plans to deploy the fresh capital to broaden its network connections and expand its offerings in tokenized real-world assets, aiming to enhance interoperability between institutional networks and public chains.[1][3]
Key facts
- Cancore raised $7.2 million in a seed round at a $60 million token valuation.
- Investors in the seed round include Paper Ventures, dao5, ArkStream Capital, X Ventures, MH Ventures, and Proof of Talk.
- There was no formal lead investor, but Paper Ventures and dao5 took the largest allocations, according to a Cancore co-founder.
- Cancore has been operational on the Canton mainnet since April.
- The platform has settled over $85 million across Canton and public blockchains.
- Cancore links Canton with Ethereum, Arbitrum, BNB Chain, Robinhood Chain, and Tron, with Solana scheduled as the next integration.
- The new funding will be used to support additional networks and tokenized real-world assets.
Sources · 4 sources
- BS
BSCN@BSCNewsPost on X ·
Canton Network trading platform Cancore lands $7.2M seed round Cancore (@cancore_io), a trading platform linking assets on @CantonNetwork ($CC) with liquidity on public blockchains, has been live on the Canton mainnet since April. ArkStream Capital (@ark_stream), dao5 (@daofive), Paper Ventures (@Papervc), X Ventures (@XVentures_Fund), Proof of Talk (@proofoftalk) and MH Ventures (@mhventures) backed the round. Cancore has settled over $85M across Canton and public chains so far. It connects Ethereum, Arbitrum, BNB Chain, Robinhood Chain, and Tron, with Solana next. The new money will go toward more networks and tokenized real-world assets.
Open source - TB
The Block@TheBlockCoPost on X ·
EXCLUSIVE: Canton-based trading platform Cancore raises $7.2 million at $60 million token valuation https://t.co/zpZyJFtInR
Open source - CB
Crypto BriefingArticle ·
Cancore closes seed round at $60 million valuation to link Canton with public chains Cancore's innovative trading solution could significantly enhance interoperability between institutional and public blockchain networks, fostering broader market integration. The post Cancore closes seed round at $60 million valuation to link Canton with public chains appeared first on Crypto Briefing .
Open source - TB
The BlockArticle ·
Canton-based trading platform Cancore raises $7.2 million at $60 million token valuation Cancore, a Canton-based trading platform connecting assets on the network with liquidity on public blockchains, has raised $7.2 million in seed funding. Paper Ventures, dao5, ArkStream Capital, X Ventures, MH Ventures and Proof of Talk backed the round. There was no formal lead investor, though Paper Ventures and dao5 took the largest allocations, Cancore co-founder […]
Open source