The listed company Tharimmune has completed a private financing of approximately $540 million and will establish the Canton Coin treasury

According to PR Newswire, Nasdaq-listed Tharimmune, Inc. (NASDAQ: THAR) announced the completion of approximately $540 million in private financing at a price of $3.075 per share.

This round of financing was led by DRW and Liberty City Ventures, with participation from well-known institutions including ARK Invest, Bitwave, Broadridge, Clear Street, Copper, Digital Asset, Polychain Capital, SBI Group, and Kraken. The Canton Foundation also participated in this financing.

The company plans to use the net proceeds to acquire Canton Coin (CC) tokens, which are the utility tokens supporting the interoperability and settlement of the Canton network. Tharimmune will operate as a super validator and run additional validators on the Canton network to earn more CC tokens.