Tharimmune’s $545 Million Initiative Speeds Up Blockchain Integration Among Institutions
- Tharimmune raised $545M via private placement led by DRW/Liberty City to build a Canton Coin treasury and develop institutional blockchain applications. - Funds will acquire Canton Coins, operate Super Validator nodes, and expand the Canton Network connecting Goldman Sachs , BNP Paribas, and DTCC. - Stock surged 120% post-announcement as Canton Foundation's first public investment and institutional backing from Deutsche Bank/HSBC highlight blockchain adoption trends. - Strategic leadership changes and $3
Tharimmune, Inc. (NASDAQ: THAR) has finalized a $545 million private funding round to launch a digital asset treasury plan focused on Canton Coin, the utility token that supports the Canton Network blockchain, as detailed in a
The raised funds will be used for Tharimmune’s purchase of Canton Coins, its responsibilities as a Super Validator on the Canton Network, and the creation of institutional-grade applications, as noted by Investing.com. In its Super Validator role, the company will run extra nodes to earn token incentives and boost network efficiency, according to a
Tharimmune’s entry into digital assets represents one of the largest institutional treasury deals so far, Cointelegraph reported. The company named Mark Wendland, previously DRW’s COO, as CEO to lead this initiative, while Mark Toomey from Liberty City Ventures has become President, per Morningstar. The current leadership team will remain in charge of Tharimmune’s biotech business, which specializes in treatments for inflammation and immune system disorders, The Block reported.
The Canton Foundation’s involvement in this funding round is its first investment in a publicly listed firm, The Block noted. DRW and Liberty City Ventures will allocate part of their investment directly into Canton Coins, which are not yet available on exchanges, according to an
This initiative reflects a wider movement in tokenized finance, where real-world assets (RWAs) now surpass $34.6 billion in value, including $18.4 billion in private credit and $8.7 billion in U.S. Treasury securities, as explored in a
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Blockchain Joins Wall Street: RTB Digital Integrates Media and Payments in Bid for NASDAQ
- RYVYL and Roundtable merge to form RTB Digital, Inc., targeting a NASDAQ listing by integrating blockchain media and digital payment solutions. - Aly Madhavji, a seasoned Web3 investor and CFO, brings 30+ years of finance and blockchain expertise to the merged entity. - The new entity retains the "Roundtable" brand under CEO James Heckman, with leadership including DeFi pioneers and strategic partners. - The merger faces regulatory hurdles and integration challenges, with forward-looking statements cauti
Buybacks and Market Fluctuations: Contentos' Bold Approach
- Contentos (COS) initiates a token buyback campaign, offering 0.005 COS for 1 USDT to stabilize its volatile price amid a 17% surge in early August 2025. - Analysts warn COS remains 73.9% below its 2024 peak, while Binance’s reduced collateral ratio to 15% signals waning institutional confidence and heightened volatility risks. - Strategic moves include cross-chain expansions (BNB Smart Chain, Coinbase Wallet) and roadmap upgrades like Channel VIP 2.0 and COS.TV enhancements to strengthen SocialFi and cre
Ethereum News Update: Institutions Show Preference for Solana Instead of Ethereum During Market Volatility
- Solana ETFs surged with $197M inflows, outpacing Ethereum's $15.97M gains amid market volatility. - Ethereum ETFs lost $210M as Bitcoin faced $543M redemptions, driven by BlackRock's ETH offloading. - Solana's 65,000 TPS speed and $10.59B TVL attract institutional investors seeking scalable blockchain solutions. - Infrastructure upgrades and Western Union's 2026 stablecoin plan bolster Solana's institutional appeal. - Market reallocation highlights growing preference for high-performance altcoins over es
Google’s adoption of AI confirms that prediction markets are recognized as credible instruments in the financial sector
- Google Finance integrates real-time prediction market data from Kalshi and Polymarket via AI, enabling users to access event odds on economic indicators and sports outcomes. - Kalshi and Polymarket reported record $4.4B trading volume and 477K active traders in October, reflecting growing legitimacy of prediction markets beyond gambling associations. - Regulatory challenges persist as state authorities question Kalshi's sports betting legality, while CFTC adopts a more open stance toward prediction marke
Trending news
MoreCrypto prices
More
