Goldman Sachs and DRW plan to invest $500 million in the yet-to-be-launched Canton Network, establishing a new DAT reserve company.

Wall Street investors plan to invest $500 million to establish a new DAT, focusing on the yet-to-be-listed Canton Coin, drawing market attention to institutional-level privacy blockchain bets. (Background: Goldman Sachs, Microsoft, and others jointly launched the enterprise privacy chain “Canton Network”, significantly advancing TradFi adoption) (Supplementary Background: YZi Labs' latest investment in Digital Asset: The invisible driver behind the $4 trillion RWA empire) According to a Bloomberg report on the 29th, investors behind the Canton Network, supported by Goldman Sachs and Citadel Securities, are negotiating to raise $500 million for a listed company to purchase the yet-to-be-listed native token Canton Coin, adding a new paradigm to the token assets reserved by “DAT”. How $500 million reshapes the “vault” landscape This planned initiative is led by trading giants DRW Holdings and Liberty City Ventures, targeting long-term holding of Canton Coin. Investors will indirectly gain exposure to Canton Coin by purchasing shares of the company, operating similarly to the Strategy approach. The difference is that the Canton Coin token has not yet gone online, allowing the company to position itself ahead of time, deepening the symmetry of returns and risks. To effectively manage the large position, the company also plans to apply for listing and engage Clear Street as a trading advisor. Liberty City Ventures' Managing Director Mark Toomey will serve as President, while former DRW COO Mark Wendland will take on the role of CEO. Canton Network: The design logic of institutional-level privacy chains Canton Network was launched by Digital Asset Holdings in 2023, with the core feature of retaining some transaction data in private domains while maintaining high-efficiency settlements, perfectly aligning with banks' requirements for confidentiality and compliance. Institutions like Goldman Sachs and Citadel Securities invested early during the testing phase, reinforcing market confidence in network security. Further reading: The “secret weapon” co-created by Wall Street giants, how does Canton Network create answers for the RWA track? Dual-axial strategy: Super validation nodes and application incubation According to reports, the company plans not only to hoard coins but also to become a super validation node, directly investing in network security and block production. Simultaneously, the team will allocate some funds to support applications developed on the Canton Network, enhancing overall volume and forming a positive cycle. For investors, sources of income include not only price appreciation but also validation node profit sharing and application bonuses; however, node operations require maintaining a high online rate. Any technical failures or security vulnerabilities could significantly impact the network's reputation and token price. Model risk: The price trial of unlisted tokens Although the Canton Network has institutional backing and a rigorous economic model, it is still difficult to be completely immune to market sentiment. If the price after CC listing does not meet expectations, the net value of the $500 million fund will face scrutiny; if the fund is forced to reduce holdings, the market supply may suddenly increase, further driving down prices. Overall, this potential $500 million investment marks a strong interest from institutional capital in privacy-oriented blockchains. Whether it can combine the regulatory advantages of TradFi with the incentives of the crypto economy through a listing vehicle will determine whether Canton Coin can stand out among numerous tokens. Next, the market will closely monitor the fundraising progress of the fund and the official listing timeline of CC; this new wager is expected to become a touchstone for measuring the depth of institutional participation. Related reports In-depth report: How Pi coin precisely hunts Chinese elderly, step by step pushing toward the abyss Chinese international students face liquidation four times in the crypto world, recounting emotional trading and copy trading that exhausted living expenses: very regretful, very confused The largest money laundering case in British history involving Zhiming Qian and 60,000 Bitcoin will be heard on 9/29, defrauding 130,000 Chinese people out of 43 billion RMB (Goldman Sachs and DRW plan to invest $500 million in the yet-to-launch Canton Network, establishing a new DAT reserve company) This article was first published in BlockTempo, “The Most Influential Blockchain News Media.”