Expands Institutional Infrastructure Across the Canton Network, Bringing Secure Custody, Insurance Protection, and Compliant Access to Canton Coin
BitGo, the digital asset infrastructure company, and the Canton Network, the privacy-enabled network designed for regulated financial markets, announced BitGo’s custody support for Canton Coin (CC), the native token of the Canton Network. This marks the first time institutions can hold and manage CC with a U.S.-based qualified custodian, underscoring BitGo’s continued commitment to enabling secure, compliant access to emerging digital asset ecosystems.
The Canton Network allows ecosystem participants to build interoperable, regulated financial applications that connect real-world assets, collateral, and payments across private, composable applications. With trillions in tokenized assets issued or processed on the network, Canton brings institutional-grade privacy and control to onchain finance. Its growing adoption is reflected in CC’s rapid rise among leading Layer 1 tokens by transaction activity, highlighting the demand for privacy-preserving infrastructure in global markets.
Financial Technology Insights: Circle Unveils Arc Public Testnet for Developers
“BitGo’s support of the Canton Network will bring qualified custody solutions to our network participants,” said Melvis Langyintuo, Executive Director of the Canton Foundation. “This represents a significant step toward institutional adoption of CC and support for the broader Canton ecosystem.”
With the integration of CC, institutional clients gain access to qualified custody and wallet services purpose-built for institutions, including:
- Qualified Custody: Regulated, cold-storage custody with institutional oversight.
- Institutional Insurance Protection: Safeguard large holdings with $250 million in insurance coverage and multi-signature protection.
- Self-Custody Wallets: Flexible infrastructure for onchain settlement and treasury operations.
- Scalability and Compliance: Streamlined reporting and audit tools to meet regulatory standards.
Financial Technology Insights: CFOs Warn of Risks in Manual Accounts Payable Processes
BitGo is expanding infrastructure to support the full range of Canton Network assets, including future capabilities such as withdrawals, token standard integration, stablecoin support, Go Network compatibility, and trading and liquidity access.
Financial Technology Insights: Stablecoins to Propel North America Payments to $13.1T
“BitGo is committed to supporting the institutional adoption of digital asset networks and providing meaningful utility enabled by Canton,” said Chen Fang, Chief Revenue Officer at BitGo. “This underscores our dedication to delivering institutional-grade security and services for emerging ecosystems.”
Together, BitGo and Canton are building the bridge between traditional finance and digital markets, where privacy, compliance, and innovation move in sync.
To share your insights with the FinTech Newsroom, please write to us at info@intentamplify.com
Source : businesswire