Cancore joins the race to wire Canton to public chains with $7.2M seed round

Cancore, a trading platform built on the Canton Network, has raised $7.2 million in seed funding to connect institutional tokenized assets on Canton with liquidity on public blockchains. The round was disclosed on Tuesday, October 27; however, it was reportedly closed in mid-September. A $60 million valuation and no formal lead Cancore’s co-founder and CEO, Wasif Rashid, told reporters that the seed money came in at a $60 million fully diluted token valuation. Rashid said that it was raised through simple agreements for future tokens tied to Cancore’s planned CNRX token. Paper Ventures, dao5, ArkStream Capital, X Ventures, MH Ventures and Proof of Talk make up the six investors that took part in the funding round.

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