According to a Bloomberg report on October 30th, some backers of Canton Network are in talks to raise approximately $500 million to establish a listed entity to invest in Canton Coin, the token of the bank-backed blockchain. The entity also plans to run the network as a super validator and develop related applications. DRW Holdings and Liberty City Ventures will contribute the majority of the funds in Canton Coin, with an additional $100 million to $200 million expected from external investors. Sources familiar with the matter said that Mark Toomey, Managing Director of Liberty City Ventures, will serve as president of the entity, and Mark Wendland, former COO of DRW, will serve as CEO.