Cancore has raised $7.2 million to expand its tokenized asset trading infrastructure, with the funding aimed at connecting the Canton Network to liquidity across public blockchains, according to a report by CoinJournal.

The company said the capital will support three core areas of development: AI-powered trading agents, cross-chain settlement, and expanded access to liquidity for tokenized asset trading.

The cross-chain focus maps onto a structural characteristic of the Canton Network itself: it keeps access under participant control through privacy and permission settings, in contrast to the open participation model of public blockchains. Bridging a permission-controlled environment with open networks is the challenge that dedicated cross-chain settlement infrastructure addresses, and it is one of the three areas the new capital is earmarked to fund.

Platform activity

Alongside the raise, the platform reported $53.2 million in trading volume across more than 84,000 trades, figures disclosed in connection with the funding announcement. The announcement did not specify the period over which those figures were recorded.

About the Canton Network

The Canton Network is a blockchain focused on institutional finance. It is designed to let independently operated applications interoperate while giving participants control over privacy and permissions, a structure intended for institutional use cases such as tokenized funds and securities.

Cross-chain connectivity has become a recurring theme for tokenized asset platforms as real-world assets increasingly settle across multiple blockchain networks. Cancore’s stated goal of bridging Canton with public-chain liquidity places the company within this broader infrastructure segment, and the three funded development areas define the roadmap against which the deployment of the new capital can be tracked.

CoinJournal reported the funding round on October 28. The report did not name the investors participating in the round.