Leadership Expansion Supports Execution of Canton Network Infrastructure Strategy Former DRW and Citadel Leader Joins as COO to Drive Institutional Platform Expansion NEW YORK, Feb. 6, 2026 /PRNewswire/ -- Tharimmune, Inc. (NASDAQ: THAR) ("Tharimmune" or the "Company"), the first publicly traded company to leverage Canton Coin ("CC") to support the Canton Network's ability to digitize traditional financial markets, today announced that its Board of Directors (the "Board") has elected Mark Wendland, Chief Ex ...

Core Insights - Tharimmune, Inc. has appointed Jill Sommers and William Wiley to its Board of Directors to enhance governance as the company advances its Canton Network infrastructure [1][2] Group 1: Board Appointments - Jill Sommers brings nearly three decades of experience in derivatives and financial markets, having served as a Commissioner of the U.S. Commodity Futures Trading Commission (CFTC) and held senior roles in regulatory affairs [2][3] - William Wiley has extensive capital markets experience and has led complex global operations, currently serving as Head of the Equities and Latency Sensitive Business Unit at DRW [3][4] Group 2: Strategic Vision - The company aims to modernize financial infrastructure through its digital asset treasury strategy, leveraging Canton Coin to support the Canton Network [2][4] - Tharimmune intends to invest in applications built on the Canton Network to enhance institutional utility and adoption across capital markets [4] Group 3: Company Overview - Tharimmune is the first publicly traded company to utilize Canton Coin and support the Canton Network, focusing on advancing institutional blockchain adoption and the digitization of financial markets [5]

Core Insights - Tharimmune, Inc. has been approved to operate as a Super Validator on the Canton Network, enhancing its digital asset treasury strategy through contributions to the network [1][5]. Group 1: Company Developments - Tharimmune is the first publicly traded company to utilize Canton Coin to support the Canton Network's digitization of traditional financial markets [1][6]. - The company plans to provide quarterly research on onchain analytics, community development, governance, and tokenomics updates, along with hosting public webinars to engage ecosystem participants [2]. - Tharimmune aims to invest in applications on the Canton Network to promote institutional utility and adoption in capital markets [5]. Group 2: Network and Market Impact - The Canton Network processes over 700,000 daily transactions, amounting to $9 trillion in monthly transaction volume, highlighting its critical role in transforming global financial infrastructure [3]. - The network is increasingly favored by global financial institutions for its programmable privacy features, allowing for instantaneous settlement while maintaining discretion for authorized parties [4]. - The Canton Network's capabilities are expected to unlock greater liquidity for financial markets through atomic settlement [3].

Core Viewpoint - Tharimmune, Inc. has successfully closed a registered direct offering, raising approximately $55 million to support its digital asset treasury strategy and general corporate purposes [2][3]. Group 1: Offering Details - The offering included the issuance of 1,800,000 shares of common stock at a price of $2.92 per share and pre-funded warrants to purchase up to 17,000,000 shares at a price of $2.9199 per warrant [1][2]. - Clear Street acted as the sole bookrunning manager for the offering, with legal counsel provided by Paul Hastings LLP for Clear Street and Reed Smith for Tharimmune [3]. Group 2: Company Overview - Tharimmune, Inc. is the first publicly traded company to utilize Canton Coin, aiming to enhance institutional blockchain adoption and the digitization of financial markets [6]. - The company operates a differentiated digital asset treasury strategy by participating in the Canton Network, which is a secure blockchain hosting trillions in assets [3][6].

Core Viewpoint - Tharimmune, Inc. has completed a $55 million underwritten public offering, issuing 1.8 million shares at $2.92 per share, along with up to 17 million pre-funded warrants [1] Group 1: Financial Details - The company raised funds through the issuance of 1.8 million shares priced at $2.92 each [1] - The total amount raised from the offering is $55 million [1] Group 2: Use of Proceeds - The funds will be used to continue expanding and developing its digital asset treasury strategy centered around the Canton Network [1] - Additionally, the proceeds will support general operational expenses [1] Group 3: Company Position - Tharimmune is the first publicly traded company to utilize Canton Coin and participate in the Canton Network [1]

Core Viewpoint - Tharimmune, Inc. has announced a $55 million registered offering to support its digital asset treasury strategy leveraging the Canton Network, which aims to digitize traditional financial markets [1][2]. Group 1: Offering Details - The offering includes the issuance of 1,800,000 shares of common stock at a price of $2.92 per share and pre-funded warrants to purchase up to 17,000,000 shares at a price of $2.9199 per warrant [2]. - The offering is expected to close on or about January 21, 2026, pending customary closing conditions [2]. Group 2: Company Background - Tharimmune, Inc. is the first publicly traded company to utilize Canton Coin and support the Canton Network, focusing on institutional blockchain adoption and the digitization of financial markets [6]. - The company also engages in clinical-stage biotech research and development [6]. Group 3: Underwriting and Registration - Clear Street is acting as the sole bookrunner for the offering [3]. - The securities are being offered under a shelf registration statement filed with the SEC on January 9, 2026, which became effective on January 16, 2026 [4].

Core Insights - Tharimmune, Inc. is the first publicly traded company to utilize Canton Coin to enhance the Canton Network's capability in digitizing traditional financial markets [1][5] - The partnership between DTCC and Digital Asset Holdings aims to tokenize U.S. Treasury securities, representing a significant advancement in blockchain adoption within institutional finance [2][3] Group 1: Institutional Adoption of Blockchain - The collaboration with DTCC signifies a structural shift towards on-chain financial systems, with over $30 trillion in U.S. Treasury assets currently held by DTCC, presenting a unique opportunity for treasury and repo transactions on-chain [2][4] - The Canton Network offers programmable privacy, allowing market participants to achieve instantaneous settlement while maintaining confidentiality regarding trade identities, which is crucial for institutional adoption [3][4] Group 2: Transaction Volume and Growth Strategy - The Canton Network has achieved a monthly transaction volume of $9 trillion, with over 700,000 daily transactions, indicating a robust and growing ecosystem [4] - Tharimmune's digital asset treasury strategy, initiated with a $545 million private placement, aims to support the Canton Network's expansion and long-term development, including acquiring Canton Coin and pursuing roles as a Super Validator [4]

Core Insights - The cryptocurrency market is experiencing increased volatility as Bitcoin's popularity wanes, prompting publicly traded crypto treasury companies to pivot towards riskier, less liquid tokens [1][2][4] - The number of digital asset treasury (DAT) companies has surged to at least 200, with a combined market capitalization of approximately $150 billion, reflecting a threefold increase from the previous year [3] Group 1: Market Trends - A significant shift is observed as newer DAT companies are moving away from Bitcoin to invest in more exotic cryptocurrencies in an attempt to enhance returns [2][4] - Recent announcements indicate that companies like Greenlane, OceanPal, and Tharimmune are planning to acquire various lesser-known tokens, highlighting the intertwining of cryptocurrencies with traditional markets [4] Group 2: Financial Strategies - Many DATs have resorted to financing token acquisitions through private investment in public equity (PIPE) deals, raising over $15 billion since April, with only five targeting Bitcoin [5] - The trend of expanding into less liquid cryptocurrencies raises concerns about heightened risks, especially during market downturns, as noted by Moody's Ratings [5]

Core Insights - Taurus has expanded its institutional digital-asset infrastructure by joining the Canton Network as a Super Validator and providing custody support for the Canton Token Standard [1][3] Group 1: Taurus and Canton Network Collaboration - Taurus will validate transactions and operate Canton's Global Synchronizer, enhancing the network's institutional focus as banks increase tokenization efforts [2][4] - The integration allows clients to utilize Canton's privacy and collateral-management features, marking a strategic milestone for Taurus [3] Group 2: Canton Network Overview - The Canton Network has processed over $6 trillion in tokenized assets, including bonds, repos, money-market funds, loan commitments, and insurance [3] - Governed by the Canton Foundation, the network supports decentralized, institution-grade application development and is powered by its native Canton Coin [4]

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