Tharimmune’s $545 Million Initiative Speeds Up Blockchain Integration Among Institutions

Tharimmune, Inc. (NASDAQ: THAR) has finalized a $545 million private funding round to launch a digital asset treasury plan focused on Canton Coin, the utility token that supports the Canton Network blockchain, as detailed in a

. The round, with DRW and Liberty City Ventures at the helm, also saw investment from major institutions such as ARK Invest, Polychain Capital, and the Canton Foundation, according to an . Shares were offered at $3.075 each, and the deal is anticipated to close by November 6, as mentioned in an . Following the news, Tharimmune’s stock price jumped more than 120%, ending the day at $3.39—a 15% daily increase, according to a .

The raised funds will be used for Tharimmune’s purchase of Canton Coins, its responsibilities as a Super Validator on the Canton Network, and the creation of institutional-grade applications, as noted by Investing.com. In its Super Validator role, the company will run extra nodes to earn token incentives and boost network efficiency, according to a

. The Canton Network, a permissioned blockchain built by Digital Asset Holdings, links leading financial players such as Goldman Sachs, BNP Paribas, and DTCC, according to Morningstar. As of September 30, 2025, the network was handling over 500,000 transactions daily, Investing.com reported.

Tharimmune’s entry into digital assets represents one of the largest institutional treasury deals so far, Cointelegraph reported. The company named Mark Wendland, previously DRW’s COO, as CEO to lead this initiative, while Mark Toomey from Liberty City Ventures has become President, per Morningstar. The current leadership team will remain in charge of Tharimmune’s biotech business, which specializes in treatments for inflammation and immune system disorders, The Block reported.

The Canton Foundation’s involvement in this funding round is its first investment in a publicly listed firm, The Block noted. DRW and Liberty City Ventures will allocate part of their investment directly into Canton Coins, which are not yet available on exchanges, according to an

. The Canton Network’s supporters include Deutsche Bank, HSBC, and Cboe, highlighting its significance in the institutional blockchain space, Morningstar reported.

This initiative reflects a wider movement in tokenized finance, where real-world assets (RWAs) now surpass $34.6 billion in value, including $18.4 billion in private credit and $8.7 billion in U.S. Treasury securities, as explored in a

. “Canton’s design is a major step forward for institutional-level privacy and interoperability,” said Don Wilson of DRW, as cited by Investing.com. Tharimmune’s approach is to generate value through acquiring tokens, running validator nodes, and building applications, Morningstar reported.