Cancore closes seed round at $60 million valuation to link Canton with public chains

Paper Ventures and dao5 took the largest allocations in a round with no formal lead investor Cancore, a startup building trading rails between the institution-focused Canton Network and public blockchains, has closed a seed round at a $60 million valuation. Six firms backed the round: Paper Ventures, dao5, ArkStream Capital, X Ventures, MH Ventures and Proof of Talk. Nobody formally led the deal. According to co-founder and CEO Wasif Rashid, speaking to The Block, Paper Ventures and dao5 took the biggest allocations.