DRW Holdings and Liberty City Ventures are considering launching a new treasury company (DAT) focused on Canton Coin — the native token of the Canton Network, a layer one blockchain. This network targets institutional clients and large companies operating in the field of tokenized real assets.
This is reported by Finway
Plans for Investment and the Role of Canton Coin
According to sources, the parties are negotiating to raise up to $500 million to establish the DAT. The majority of the funding is expected to be made in Canton Coin, which is set to become the key asset of the new venture. DRW Holdings and Liberty City Ventures will themselves act as the main investors, providing a significant portion of the funds in Canton Coin, while they plan to secure an additional $100 to $200 million from external investors.
“Negotiations are at an early stage, and the final terms of the deal may change. The new company could become a primary validator of the network, using Canton Coin for staking, as well as supporting ecosystem projects,” sources emphasized.
Details about Canton Network and Prospects for Canton Coin
Canton Network is a layer one blockchain specifically designed for major players in the financial market and institutional structures. Its ecosystem is actively developing: in June 2025, Digital Asset, the company behind the network’s development, raised $135 million to scale the project, with DRW Holdings and Liberty City Ventures among the investors.
Canton Coin was launched in 2024; however, it is currently not listed on public cryptocurrency exchanges — the asset is available only to infrastructure partners and select institutional investors. In October 2025, signs of a potential listing of the token on the Kraken exchange emerged, which could open Canton Coin to a broader range of market participants.
If the new DAT is established by DRW Holdings and Liberty City Ventures, the company will add to the list of crypto asset treasuries. At the same time, experts warn of significant risks associated with such structures and do not rule out the presence of signs of a financial bubble. This assessment is also shared by the Hong Kong regulator.