Based on HashNews, DRW Holdings and Liberty City Ventures are leading a $500 million funding round for Canton Network's token reserve company. The reserve will invest in blockchain-backed tokens and join the digital asset reserve. Canton tokens will provide most of the funding, with an additional $100–200 million from external investors. The entity plans to support network performance by acting as a super validator and developing blockchain applications. Mark Toomey of Liberty City Ventures will serve as president, and former DRW COO Mark Wendland will be CEO. Clear Street is providing banking advisory services. The exchange for the tokens remains unclear. Canton Network, launched by Digital Asset Holdings in 2023, previously raised $135 million in June 2025, led by DRW and Tradeweb Markets, with participation from Goldman Sachs, Citadel Securities, and Liberty City.
DRW and Liberty City Lead $500M Funding for Canton Token Reserve
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