Cancore Secures $7.2 Million to Enhance Tokenized Asset Trading Infrastructure

Cancore, a platform focused on enhancing tokenized asset trading, has successfully raised $7.2 million in a seed funding round. The investment aims to expand the infrastructure that connects assets on the Canton Network with liquidity across various public blockchain networks.

The funding round saw participation from notable investors including Paper Ventures, dao5, ArkStream Capital, X Ventures, MH Ventures, and Proof of Talk. Since launching on the Canton mainnet in April 2026, Cancore has reported impressive trading metrics, processing over $53.2 million in cumulative trading volume across more than 84,000 trades and generating over $538,000 in protocol revenue as of October 1.

Cancore's infrastructure utilizes an atomic-swap mechanism, allowing users to trade Canton-based assets for those on public blockchains without relinquishing custody to centralized exchanges or relying on wrapped tokens. This feature ensures that trades either complete in full or fail entirely, maintaining user control over their private keys.

Additionally, Cancore is developing AI-powered trading capabilities through its Model Context Protocol (MCP) server. This technology will enable users to automate trading actions and delegate tasks to AI agents, with future plans to allow users to create their own trading agents for executing strategies and managing portfolios.

The newly acquired funds will facilitate Cancore's expansion into additional blockchain networks and liquidity sources, while also enhancing its security, settlement, and agentic trading infrastructure across its existing connections with Canton, Ethereum Virtual Machine (EVM)-compatible networks, and Tron.

New Developments in Tokenized Asset Trading

On October 28, 2026, the Depository Trust & Clearing Corporation (DTCC) launched its Tokenization Service, allowing eligible institutions to create 1:1 blockchain-based "digital twins" of select traditional securities. This service covers an eligible pool worth approximately $30 trillion.

The initial offering includes between 25 to 34 liquid instruments, such as selected Russell 1000 equities, major ETFs, and US Treasuries. Each token is backed 1:1 by securities custodied at DTC and retains its existing CUSIP identifiers.

Transfers of these tokens occur on-chain but are restricted to registered wallets and can only happen between 2 a.m. and 6 p.m. ET. The service operates on two networks: the Canton Network and DTCC's private Hyperledger Besu network, with plans to expand to Stellar and Circle’s Arc in 2027.

Over 20 major financial institutions, including J.P. Morgan, Citi, and Fidelity, have signed access agreements, although participation is limited to DTCC participants. This launch follows a regulatory no-action letter from the SEC in December 2025 and a successful pilot run with over 30 firms in July 2026.

The goal of the Tokenization Service is to enhance efficiency in securities trading by enabling quicker settlements and better asset mobility, while maintaining a centralized registry at DTC.