DRW and Liberty City Lead $540 Million Investment in Tokenized Finance Vehicle
Major investment firms DRW Holdings and Liberty City Ventures are deepening their involvement in the digital asset sector, spearheading a deal to transform Tharimmune Inc. into a publicly traded vehicle for holding blockchain-based tokens. The two firms will inject approximately $540 million into Tharimmune through a private placement priced at $3.075 per share.
Set to close around November 6, the transaction represents one of the most significant corporate financing efforts in the token economy in 2025. Following the announcement, shares of Tharimmune saw a 4.6% increase in New York trading, reflecting investor optimism about the company’s new direction.
A Public Gateway to Institutional Tokens
Tharimmune’s new strategy centers on acquiring and holding Canton Coin, the native token of the Canton blockchain. This network was developed by Digital Asset Holdings—a firm backed by financial giants like Goldman Sachs, Citadel Securities, and DRW itself. The Canton blockchain is engineered to provide a regulated infrastructure for institutional-grade financial services, combining the benefits of a public ledger with the compliance standards of traditional markets.
By accumulating Canton Coins on its balance sheet, Tharimmune will function as a digital asset treasury company. This model mirrors the strategy famously employed by MicroStrategy, which became the largest corporate holder of Bitcoin and gave investors indirect exposure to the cryptocurrency through the stock market.
The Rise of Corporate Token Treasuries
This investment highlights a growing trend where Wall Street firms are using structured, publicly listed companies to gain exposure to blockchain ecosystems. It follows a $135 million funding round for Digital Asset earlier this year, which also included participation from DRW and Liberty City.
Industry observers see these initiatives as a crucial bridge between traditional capital markets and the token economy, allowing investors to access blockchain assets without directly holding them. While MicroStrategy became a Wall Street proxy for Bitcoin, Tharimmune is poised to become the first major public company to hold Canton Coins. This move could establish a regulated channel for institutional capital to flow into one of finance’s most ambitious blockchain networks.
If the venture succeeds, it may signal the start of a new wave of tokenized corporate treasuries, further merging public markets with the infrastructure of decentralized finance.