DRW Holdings and Liberty City Ventures to Create a Decentralized Treasury (DAT) Based on Canton Coin
Date: 2025-10-30 Author: Oliver Abernathy Categories: BUSINESS
According to Bloomberg, DRW Holdings and Liberty City Ventures are in talks to launch a new company focused on the Canton Coin token, the native asset of the Canton Network blockchain, designed for institutional clients. The project aims to create a decentralized treasury (DAT) that will manage Canton Coin reserves and support the development of the network's ecosystem.
According to sources, the initiative participants expect to raise approximately $500 million. The majority of the investment will come in the form of Canton Coin, with $100 million to $200 million expected from third-party investors. DRW Holdings and Liberty City Ventures will be key contributors, providing the majority of the funding through their own funds.
Although negotiations are still in the early stages and the details of the deal are subject to change, it is known that the future entity will act as the network's primary validator. The company intends to use the tokens under its control for staking and to fund projects that contribute to the development of the Canton Network ecosystem.
Canton Network is a layer-one blockchain focused on the tokenization of real-world assets and collaboration with large financial institutions. The network's developer is Digital Asset, which raised $135 million in funding in June 2025 to scale its infrastructure. DRW Holdings and Liberty City Ventures also participated in that round, confirming their long-term interest in the project.
Canton Coin itself was launched in 2024, but its circulation is currently limited to institutional partners and infrastructure participants. The asset is not listed on cryptocurrency exchanges, although in early October 2025, CoinDesk mentioned that Kraken was considering listing the token in the future.
If DRW Holdings and Liberty City Ventures' plans are realized, the new company will be one of the first in the digital asset manager (DAT) category working with native blockchain tokens. However, experts note that the market for such entities is characterized by a high degree of risk and signs of potential overheating. Regulators, including Hong Kong authorities, are warning of a bubble forming in the digital asset sector associated with corporate tokens.
Nevertheless, analysts believe that the Canton Coin-based project could be an important step in the development of Web3 institutional infrastructure and demonstrate how major financial players are adapting traditional asset management models to a decentralized economy.
