Cancore Closes $7.2 Million Seed Round with Participation from Paper Ventures

Cancore Closes $7.2 Million Seed Round with Participation from Paper Ventures

2026-10-28 01:03

ChainThink News, October 28: According to The Block, Cancore, a cross-chain trading platform built on the Canton network, has completed a $7.2 million seed round financing.

The round was conducted via a Simple Agreement for Future Tokens (SAFT), valuing the fully diluted CNRX token issuance at $60 million.

Paper Ventures, dao5, ArkStream Capital, X Ventures, MH Ventures, and Proof of Talk participated in the funding round, with Paper Ventures and dao5 securing the largest shares.

Wasif Rashid, co-founder and CEO of Cancore, stated that investor outreach began in June, the fundraising was launched in July, and concluded mid-September.

Disclaimer: Contains third-party opinions, does not constitute financial advice

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