Cancore Completes $7.2M Seed Round at $60M Valuation

According to TechFlow, on October 28, as reported by The Block, Cancore, a trading platform connecting Canton assets with public-chain liquidity, completed a $7.2M seed round raised via SAFT at a $60M fully diluted valuation for its planned CNRX token. There was no formal lead investor in this round; Paper Ventures and dao5 subscribed to the largest shares, with ArkStream Capital, X Ventures, MH Ventures, and Proof of Talk participating. Since launching on the Canton mainnet in April, Cancore has recorded cumulative trading volume of over $86M. It supports networks including Ethereum, Arbitrum, BNB Chain, and Tron, and plans to integrate Base and Solana later.

Source: TechFlow