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 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 Insights - The collaboration between Digital Asset and Kinexys by J.P. Morgan aims to integrate Kinexys products into Digital Asset's Canton Network, focusing initially on the JPM Coin deposit token [1][2] - JPM Coin is a U.S. dollar-denominated deposit token that allows institutional clients to make payments using a digital representation of J.P. Morgan's U.S. dollar deposits on a public distributed ledger [3] - The partnership is expected to enhance the efficiency of capital flow and bridge traditional finance with digital infrastructure while ensuring privacy and compliance [4] Group 1 - The initial focus of the collaboration is on enabling the native issuance of JPM Coin on the Canton blockchain, which is designed for synchronized financial markets [2] - Future plans include exploring the integration of J.P. Morgan's Blockchain Deposit Accounts and other Kinexys Digital Payments products into the Canton ecosystem [2] - The introduction of JPM Coin to Canton will allow institutions to issue and transfer the token nearly instantly, enhancing transaction speed [3] Group 2 - Digital Asset's CEO emphasized that this collaboration represents a vision of regulated digital cash that operates at market speed [4] - Kinexys by J.P. Morgan's global co-head highlighted that JPM Coin combines the security of bank-issued deposits with the speed of blockchain transactions, aiming to unlock liquidity [5] - J.P. Morgan's CEO has expressed commitment to digital holdings, including JPM Coin and stablecoins, indicating a strategic focus on these financial innovations [5][6]

Core Insights - JPMorgan's blockchain division Kinexys and Digital Asset announced plans to natively deploy JPMorgan's USD-backed token JPM Coin (JPMD) on the privacy-focused and compliant Canton Network [1] - The integration is set to progress in phases starting in 2026, with initial focus on supporting the issuance, transfer, and near-instant redemption of JPM Coin on the Canton Network [1] - Kinexys aims to explore the integration of other digital payment products into the Canton Network, following the selection of Canton Network by DTCC for the tokenization of traditional financial assets [1]

Core Insights - JPMorgan's Kinexys blockchain unit is set to launch JPM Coin on the Canton Network, a privacy-enabled platform for financial markets, in collaboration with Digital Asset to enhance the token's reach [1][2] Group 1: JPM Coin Launch and Features - JPM Coin, a bank-issued, USD-denominated deposit token, allows institutional clients to make payments using a digital representation of JPMorgan deposits on public blockchain infrastructure [2] - The collaboration aims to enhance efficiency and unlock liquidity by bringing JPM Coin to Canton, with a phased approach planned through 2026 focusing on technical and business frameworks for issuance, transfer, and redemption [3] Group 2: Future Developments and Integrations - Future phases may include integrating additional Kinexys Digital Payments products, such as Blockchain Deposit Accounts, to broaden capabilities for users within the Canton ecosystem [4] - The initiative is part of a broader vision to modernize financial systems, facilitating efficient capital flow while maintaining privacy and compliance [5] Group 3: Canton Network and Market Support - Canton Network has gained traction with support from other financial institutions, including Franklin Templeton and the Depository Trust & Clearing Corporation, which plans to issue tokenized securities on the network [6] - The native token of Canton, CC, has seen significant price movement, reaching an all-time high of $0.176 at the start of the year and trading at $0.135 recently, reflecting an 82% increase over the past month [7]

Core Insights - J.P. Morgan's blockchain unit Kinexys and Digital Asset are launching the JPM Coin (JPMD) on the Canton Network, indicating a shift towards real-time, interoperable digital money for financial markets [1][2] Group 1: Institutional Shift - The collaboration highlights a growing institutional interest in digital currencies that can operate alongside tokenized assets and smart contracts [2] - The Depository Trust & Clearing Corporation's selection of the Canton Network for tokenization of traditional finance instruments demonstrates significant institutional support for blockchain-based settlement [2] Group 2: JPM Coin Overview - JPM Coin represents U.S. dollar deposits at J.P. Morgan, allowing institutional clients to make payments using a digital token on distributed ledgers [4] - The initiative aims to create a regulated, interoperable digital currency ecosystem for institutions to issue, transfer, and redeem funds securely [4] Group 3: Efficiency and Liquidity - The collaboration is positioned as a bridge between traditional finance and digital ledger technology, enhancing market speed while ensuring privacy and compliance [5] - JPM Coin on the Canton Network is expected to improve efficiency and unlock liquidity through near-real-time blockchain transactions [5] Group 4: Implementation Timeline - The integration of JPM Coin into the Canton Network will occur in phases throughout 2026, focusing initially on the technical and business frameworks for issuance and transfer [6] - Future phases may include connecting additional Kinexys Digital Payments products to the Canton ecosystem [6] Group 5: Governance and Infrastructure - The Canton Network is governed by the Canton Foundation and supports real-time, compliant settlement across various asset classes on a shared infrastructure [7]

Core Insights - Privacy-focused cryptocurrencies are underperforming as Bitcoin's price surpasses $90,000, leading to a shift in investor capital from defensive holdings to more speculative assets [1][2] Market Performance - The privacy coin sector has a total market capitalization exceeding $18.8 billion and has declined by 2.3% in the past 24 hours, with leading tokens like Midnight, Monero, and Canton Network dropping 6.4%, 1.5%, and 3.3% respectively [2] - This decline contrasts with the double-digit gains observed in major meme coins during the same timeframe [2] Market Psychology - Analysts describe the current market behavior as a classic rotation influenced by changing market psychology, indicating that the movement is not fundamentally driven but rather a short-term capital rotation [3] - As major altcoins experience a relief rally, traders are reallocating towards higher-beta sectors, particularly meme coins, which offer faster momentum and deeper liquidity [4] Tactical Shift - The recent pullback in privacy-focused assets is viewed as a healthy correction following a period of relative outperformance, with investors locking in gains and reallocating capital as risk appetite improves [5] - This rotation is characterized as a tactical shift in a recovering market rather than a strategic abandonment of the privacy sector [4] Long-term Outlook - Analysts maintain that the current trend does not undermine the long-term prospects for privacy coins, as profit-taking does not indicate a breakdown in the privacy narrative [6] - The demand for privacy in the cryptocurrency space is expected to persist, with privacy-focused developers noting that attention on privacy coins will fluctuate but the underlying demand will continue to grow [6]

The Depository Trust & Clearing Corporation unveiled plans on Wednesday to issue tokenized securities on Canton Network, the privacy-enabled blockchain built for financial institutions. The infrastructure company, which processed $3.7 quadrillion in transactions last year, said the process will initially involve the creation of tokens representing U.S. Treasuries. The move marks DTCC’s first step in a years-long roadmap, according to a press release. The securities will be held by DTCC for safekeeping, und ...

The Depository Trust & Clearing Corporation (DTCC), the industry-owned clearing and settlement market infrastructure, has selected the privacy-focused Canton Network as a tokenization partner, the companies said on Tuesday. The partnership, which will enable a subset of U.S. Treasury securities custodied at DTC to be minted on the Canton Network, follows DTCC’s recent receipt of a No-Action Letter from the SEC to implement and operate a new service to tokenize real-world, DTC-custodied assets. The organ ...