Digital asset infrastructure company BitGo has added support for Canton Coin (CC), the native token of the Canton Network, in a move that could make it easier for US institutions to hold the asset through a qualified custodian.
The companies announced the integration on Wednesday, saying it will give banks and asset managers compliant access to a network already processing significant volumes of tokenized real-world assets (RWAs).
The partnership introduces cold-storage custody and insurance-backed security, and could pave the way for future support of stablecoins, tokenized securities and other onchain financial instruments.
The integration “represents a significant step toward institutional adoption of CC and support for the broader Canton ecosystem,” said Melvis Langyintuo, executive director of the Canton Foundation, the nonprofit entity that oversees the network’s governance and ecosystem development.
The Canton Network focuses on bringing regulated institutions onchain, enabling interoperability between financial applications and tokenized assets while maintaining compliance. Its backer, Digital Asset, recently raised $135 million from investors including Goldman Sachs, Citadel Securities, BNP Paribas and the Depository Trust & Clearing Corporation (DTCC).
BitGo, one of the crypto industry’s largest custodians with around $90 billion in assets under custody, is expanding its institutional services amid growing demand for regulated digital-asset infrastructure. As Cointelegraph recently reported, the company has filed for an initial public offering in the United States.
Source: James SeyyfartRelated: Canton Network taps Chainlink as super validator, integrates oracles and CCIP
Institutional participation in the Canton Network accelerates
The Canton Network has seen growing activity since its launch in 2023, with P2P.org — a staking infrastructure provider managing more than $10 billion in assets — recently joining the ecosystem alongside major institutions such as Goldman Sachs, JPMorgan, Bank of America and Citigroup.
As Cointelegraph recently reported, two of the world’s largest banks, BNP Paribas and HSBC, have joined the Canton Foundation to support its mission and advance blockchain technology tailored to institutional needs.
The expansion comes amid rising institutional interest in RWAs, a central focus of Canton’s strategy. Industry data shows that the total value of tokenized RWAs, excluding stablecoins, has surpassed $35 billion, with use cases spanning private credit, US Treasury debt, private equity and equities.
Total RWA market value, excluding stablecoins. Source: RWA.xyzMagazine: Ethereum is destroying the competition in the $16.1T TradFi tokenization race
Source: https://cointelegraph.com/news/bitgo-canton-coin-custody-support?utm_source=rss_feed&utm_medium=feed%3Fr%3D6wlg1k%26vfff%3D1761795985%26_refresh%3D6wlg1k&utm_campaign=rss_partner_inbound
