Nasdaq-listed company Enlivex plans to raise $212 million in funding to build a Rain token vault

Foresight News, according to The Block, Nasdaq-listed biopharmaceutical company Enlivex Therapeutics plans to raise $212 million through private investment in public equity (PIPE) to launch the Rain Token Digital Asset Treasury (DAT). The company says it will be the first DAT built around a prediction market token. Enlivex, which has a market capitalization of approximately $22 million, believes that decentralized, open and permissionless systems will define the next phase of prediction markets, and believes Rain fits that mold.
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