Tharimmune, a U.S. company formerly focused on biotechnology, has raised $540 million through a private placement of shares to fund its strategic pivot into blockchain-based digital asset management under the Canton Network ecosystem.
The financing round included major institutional participants such as ARK Invest, DRW, Kraken, Liberty City Ventures, Broadridge and Polychain Capital.
Shares were priced at $3.075 each, with the placement expected to close on November 6, 2025.
Canton Foundation makes its first-ever investment in a public company
According to Bloomberg, portions of the investments from DRW and Liberty City Ventures will be contributed directly in Canton Coin, the native asset powering the Canton Network.
The deal marks the first time the Canton Foundation has invested in a publicly listed company, highlighting growing interest from established financial players in regulated digital asset infrastructure.
A new strategic direction: building a Canton Coin treasury
Tharimmune said the capital will be used to:
- accumulate Canton Coin
- launch validator nodes
- develop applications and services within the Canton Network
- build out the company’s digital asset operations
Despite the shift, Tharimmune will maintain its biotechnology division, integrating blockchain technology into its broader corporate structure.
What is Canton Network?
Canton Network is a regulated, institution-grade blockchain developed by Digital Asset Holdings and designed to unify financial institutions across shared rails that support atomic settlement for multiple asset classes.
It is used by major organizations including Goldman Sachs, BNP Paribas and the DTCC.
Earlier this year, Digital Asset Holdings raised $135 million from DRW and Tradeweb, with participation from Goldman Sachs, to further expand Canton-based institutional solutions.
Institutional interest continues to rise
Industry observers note that the deal reflects a broader trend: traditional finance firms are increasingly exploring tokenized assets, permissioned blockchain infrastructure, and interoperable settlement layers such as Canton.
