Cross-chain transaction platform Cancore completes $7.2 million seed funding round.

Cancore, a cross-chain trading platform built on the Canton network, has completed a $7.2 million seed funding round. This round was conducted via a Simple Future Token (SAFT) protocol, valuing its planned CNRX token issuance at $60 million via a fully diluted (FDV) approach. Participants included Paper Ventures, dao5, ArkStream Capital, X Ventures, MH Ventures, and Proof of Talk, with Paper Ventures and dao5 receiving the largest stakes. Cancore co-founder and CEO Wasif Rashid stated that the company began contacting investors in June, officially launched the funding round in July, and completed it in mid-September. (Source: The Block)