BitGo, a digital asset infrastructure company, has announced its support for Canton Coin (CC), the native token of the Canton Network, marking the first time institutions can access qualified custody and management for CC through a U.
S.-based custodian. BitGo’s integration of Canton Coin extends institutional-grade security and services to participants of the Canton Network, a privacy-enabled network designed for regulated financial markets. The Canton Network facilitates the building of interoperable, regulated financial applications, enabling the connection of real-world assets, collateral, and payments across private, composable applications. This network is designed to bring institutional-grade privacy and control to onchain finance, with trillions in tokenized assets already issued or processed. The rapid increase in Canton Coin’s transaction activity among leading Layer 1 tokens highlights the market demand for privacy-preserving infrastructure. Melvis Langyintuo, Executive Director of the Canton Foundation, stated, “BitGo’s support of the Canton Network will bring qualified custody solutions to our network participants. This represents a significant step toward institutional adoption of CC and support for the broader Canton ecosystem.” Through this integration, institutional clients gain access to a suite of custody and wallet services tailored for their needs. These include qualified custody through regulated cold-storage solutions with institutional oversight, robust institutional insurance protection up to $250 million with multi-signature security, and flexible self-custody wallets designed for onchain settlement and treasury operations. Furthermore, the services offer scalability and compliance tools, such as streamlined reporting and audit capabilities, to assist institutions in meeting regulatory standards. BitGo is committed to expanding its infrastructure to support the full range of Canton Network assets. Future capabilities are planned to include withdrawals, token standard integration, stablecoin support, Go Network compatibility, and comprehensive trading and liquidity access. Chen Fang, Chief Revenue Officer at BitGo, commented, “BitGo is committed to supporting the institutional adoption of digital asset networks and providing meaningful utility enabled by Canton. This underscores our dedication to delivering institutional-grade security and services for emerging ecosystems.” The collaboration between BitGo and the Canton Network aims to bridge traditional finance and digital markets, emphasizing privacy, compliance, and innovation. BitGo, founded in 2013, provides custody, wallets, staking, trading, financing, and settlement services from regulated cold storage, serving thousands of institutions globally. The Canton Network operates as a public, permissionless blockchain specifically built for institutional finance, unique in its combination of privacy, compliance, and scalability. Governed by the Canton Foundation with participation from leading global financial institutions, it enables real-time, secure synchronization and settlement across various asset classes on a shared, interoperable infrastructure, powered by Canton Coin.
