According to Bloomberg, DRW Holdings and Liberty City Ventures are in early talks to establish a new treasury management company focused on Canton Coin (CC) — the native token of Canton Network, a first-layer blockchain designed for large institutional players.
Sources familiar with the matter say the firms aim to raise up to $500 million, with most of the funding provided directly in Canton Coin. Both DRW Holdings and Liberty City Ventures are expected to act as the primary investors, contributing the majority of capital in CC. An additional $100 million–$200 million could be sourced from external backers.
The potential new entity, referred to as a Digital Asset Treasury (DAT), would reportedly manage a substantial reserve of Canton Coin and act as one of the network’s core validators. It would also support ecosystem growth by funding projects built within the Canton infrastructure.
Negotiations are still in the early stages, and deal terms could change, the sources emphasized.
Canton Network: Institutional Blockchain for Tokenized Assets
Canton Network is a Layer-1 blockchain tailored for institutional use and the real-world asset (RWA) tokenization sector. It’s developed by Digital Asset, a firm that raised $135 million in June 2025 with participation from DRW Holdings and Liberty City Ventures — funds that are now being used to expand the Canton ecosystem.
Canton Coin, launched in 2024, is not yet listed on public exchanges and remains available only to infrastructure partners and institutional participants. However, speculation about a potential listing has been circulating. Earlier this month, CoinDesk reported that Kraken is considering adding Canton Coin to its exchange in the near future.
If launched, the DRW–Liberty City DAT could join a growing list of corporate digital asset treasuries. Still, industry experts warn that this emerging sector carries significant risks and may be showing early signs of a speculative bubble. Hong Kong’s financial regulator, among others, has expressed similar concerns.
