Cancore raises $7.2 million to develop AI-powered trading for tokenized assets

Cancore aims to revolutionize trading with AI-driven automation and cross-chain liquidity solutions for tokenized assets. Cancore, a cross-chain settlement infrastructure provider built for Canton Network, has secured $7.2 million in seed funding to develop infrastructure that connects tokenized assets on Canton with liquidity across public blockchain networks. The round attracted backing from Paper Ventures, dao5, ArkStream Capital, X Ventures, MH Ventures and Proof of Talk. Cancore is building cross-chain settlement infrastructure for Canton Network, allowing users to exchange Canton-based assets for assets on public blockchains without transferring custody to a centralized exchange or using wrapped tokens.