Cancore raises $7.2 million for cross-chain trading

Cancore has raised $7.2 million in seed funding to expand its cross-chain trading infrastructure for tokenized assets and develop AI-enabled trading tools, the company said. The round was backed by Paper Ventures, dao5, ArkStream Capital, X Ventures, MH Ventures and Proof of Talk. Cancore co-founder and CEO Wasif Rashid said the funding was raised at a $60 million fully diluted token valuation through agreements tied to the planned CNRX token. He said the round had no formal lead investor, though Paper Ventures and dao5 received the largest allocations. Cancore connects assets on the Canton Network with liquidity on public blockchains. The company says its platform has operated on Canton mainnet since April 2026 and supports trading across Canton, Ethereum, Arbitrum, BNB Chain, Robinhood Chain and Tron. The platform is designed to settle both sides of a cross-chain transaction together or cancel the trade, while allowing users to retain control of their keys. The company has reported different cumulative operating totals at different cutoffs. It said that as of October 1 it had processed more than $53.2 million in trading volume across more than 84,000 trades and generated...