Canton Network supporters plan to raise $500 million to establish a listed entity to invest in Canton Coin.
On October 30, it was reported that some supporters of CantonNetwork are in talks to raise approximately $500 million to establish a listed entity for investing in the bank-backed blockchain’s token, Canton Coin. This entity also plans to operate as a super validator on the network and develop related applications. DRW Holdings and Liberty City Ventures will contribute the majority of the funds in Canton Coin, while an additional $100 million to $200 million is expected to come from external investors. According to sources, Mark Toomey, Managing Director at Liberty City Ventures, will serve as president of the entity, and former DRW Chief Operating Officer Mark Wendland will serve as CEO.
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