BitGo now offers custody for Canton Coin, the native token of the Canton Network, enabling institutional holders to meet US compliance standards.
BitGo’s new custody support for Canton Coin allows regulated institutions to securely hold the Canton Network’s native token in the United States.Digital asset infrastructure company BitGo has added support for Canton Coin , 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 .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,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. AsCanton Network taps Chainlink as super validator, integrates oracles and CCIP 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 —, 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 spanningMilei’s party wins midterms, but crypto won’t celebrate
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