Five Buys, Zero Sells: Inside Cantons’s Onchain Debut

On November 4, five purchases of CNTN common stock on TSV LLC, a Canton Network venue for tokenized U.S. stocks limited to approved participants, totaled $40,296 for 18,680 shares, averaging $2.16, with per-share prices rising from $2.08 to $2.37 and no shares sold into the pool. The issuer, a Nasdaq-listed company called Tharimmune until February that holds a Canton Coin treasury and helps secure the network as a Super Validator, said Five North sold existing shares, DRW Cumberland was named as buyer behind the first purchases, and Flowdesk supplied liquidity. TSV is not subject to Regulation NMS, the SEC trade-through rule for registered exchanges, and its pool prices come from deposited balances rather than Nasdaq quotes.