Cancore closed a seed round valuing the company at $60 million, backed by Paper Ventures, dao5, ArkStream Capital, X Ventures, MH Ventures and Proof of Talk, with no formal lead investor. Paper Ventures and dao5 received the largest allocations. The startup is building a non-custodial execution and settlement layer that enables atomic trades between Canton, EVM-compatible chains and TRON. Its mainnet, launched in April 2026, had processed more than 125,000 trades and over $50 million in total transaction volume by mid-October 2026, according to verifiable data on Dune. More than 25% of lifetime volume was nevertheless recorded during a single eight-day period in September 2026, raising questions about the consistency of activity.
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