Cancore Raises $7.2 Million in SAFT Seed Round for Planned CNRX Token

Cancore has raised $7.2 million in a seed round conducted through a simple agreement for future tokens, funding a cross-chain trading platform built on Canton Network. The planned CNRX token carries a fully diluted valuation of $60 million. Paper Ventures, dao5, ArkStream Capital, X Ventures, MH Ventures and Proof of Talk participated, with Paper Ventures and dao5 receiving the largest allocations. Co-founder and CEO Wasif Rashid said the company began approaching investors in June 2026, opened the funding round in July and completed it in mid-September. John Kim reports on the digital-asset business for TokenPost.