Cancore Raises $7.2 Million in Seed Funding at a $60 Million Valuation

on October 28, according to The Block, Cancore—a trading platform connecting Canton assets with public chain liquidity—has completed a $7.2 million seed funding round, raising funds via SAFT at a fully diluted valuation of $60 million for its planned CNRX token. The round had no formal lead investor, with Paper Ventures and dao5 securing the largest allocations, alongside participating firms ArkStream Capital, X Ventures, MH Ventures, and Proof of Talk. Since launching on the Canton mainnet in April, Cancore has generated over $86 million in cumulative trading volume. It currently supports Ethereum, Arbitrum, BNB Chain, Tron, and other networks, and plans to integrate Base and Solana in the future.