DRW to lead $500M raise for Canton Network treasury firm

Investors in the privacy-focused layer-1 blockchain Canton Network plan to raise $500 million to establish a treasury company that will hold the network's native token, CC, Bloomberg reported. DRW Holdings is leading the effort, with participation from Liberty City Ventures. The two firms will contribute the majority of the funds using their own Canton token holdings and plan to raise between $100 million and $200 million from external investors.