BitGo, a leading digital asset infrastructure provider, has announced its support for Canton Coin (CC), the native token of the Canton Network. This marks the first time institutions can hold and manage CC through a U.S.-based qualified custodian, underscoring BitGo’s commitment to enabling secure, compliant access to emerging digital asset ecosystems.
Business Wire
Canton Network: A New Paradigm for Institutional Finance
The Canton Network is a privacy-enabled, open blockchain designed specifically for regulated financial markets. It 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 on-chain finance.
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BitGo’s Role in Enhancing Institutional Access
BitGo’s custody support for Canton Coin provides institutional clients with a range of services tailored to meet the stringent requirements of regulated financial markets:
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 on-chain settlement and treasury operations.
Scalability and Compliance: Streamlined reporting and audit tools to meet regulatory standards.
This integration enables market participants to use Canton Coin as collateral for trading on exchanges connected to BitGo’s Go Network, a settlement infrastructure built within regulated qualified custody enabling secure transfers of fiat and digital assets.
Business Wire
A Strategic Move for the Digital Asset Ecosystem
The partnership between BitGo and the Canton Network represents a significant step toward bridging the gap between traditional finance and digital markets. By providing secure, compliant custody solutions for Canton Coin, BitGo is facilitating the adoption of blockchain technology in regulated financial environments. This move underscores BitGo’s dedication to delivering institutional-grade security and services for emerging ecosystems.
Business Wire
Looking Ahead
As the digital asset landscape continues to evolve, the collaboration between BitGo and the Canton Network is poised to play a pivotal role in shaping the future of institutional finance. By offering secure and compliant custody solutions for emerging digital assets, this partnership is setting the stage for broader adoption of blockchain technology in regulated financial markets.
