Cancore, a Canton-based startup, closed a $7.2 million seed round at a $60 million token valuation, backed by Paper Ventures, dao5, ArkStream Capital, X Ventures, MH Ventures and Proof of Talk. There was no formal lead investor, though Paper Ventures and dao5 took the largest allocations. The financing will fund development of AI-driven trading automation, expanded cross-chain liquidity integrations and continued investment in security and settlement.
The company offers a non-custodial, atomic execution and settlement layer that enables trades between Canton Network assets and public blockchains without wrapped tokens or custodians. It relies on cryptographic conditions similar to HTLCs so a trade either completes on both sides or unwinds. Cancore’s mainnet has been live since April 2026 and it is listed as a Featured App on Canton.
Reported traction includes differing published metrics: one report cites more than $50 million in total transaction volume by mid-October 2026 and 125,000+ trades across supported networks; another states that by October 1 Cancore had recorded more than $53 million in cumulative volume from over 84,000 trades and generated over $538,000 in protocol revenue. The company also supports Ethereum, BNB Chain, Arbitrum One and Robinhood Chain, with additional integrations under development, and publishes performance figures on a public Dune dashboard for verification.