According to Bloomberg, some of Canton Network's backers are in talks to raise approximately $500 million to establish a listed entity to invest in the bank's blockchain token, Canton Coin.

The entity also plans to operate the network as a super validator and develop related applications. DRW Holdings and Liberty City Ventures will contribute the majority of the funding in the form of Canton Coin, with an additional $100 million to $200 million expected from external investors. Sources familiar with the matter say that Mark Toomey, managing director of Liberty City Ventures, will serve as president of the entity, and Mark Wendland, former COO of DRW, will serve as CEO.