Canton-Based Trading Platform Cancore Raises $7.2 Million in Funding Round
(2 hours ago) · 1 source · Summarized by CryptoBipto
Cancore, a trading platform built on the Canton Network, has raised $7.2 million in a funding round at a $60 million token valuation. The raise signals continued investor interest in trading infrastructure built on enterprise-focused blockchain networks.
WHY IT MATTERS
When a crypto project raises money, it often sells tokens to investors before those tokens are available to the general public. Think of it like a company selling shares privately before going public on a stock exchange. The $60 million valuation means that if you multiplied the price investors paid per token by the total number of tokens that will exist, you get $60 million. However, this is a negotiated price between the company and its investors, not a market price set by open trading. For newcomers, it is important to understand that private fundraising valuations can be very different from what a token eventually trades for once it reaches public markets.
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- theblock.co
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