TLDR
- BitGo now supports Canton Coin custody for US institutional clients.
- Canton Network enables tokenized real-world assets for institutions.
- Digital Asset raised $135M from Goldman Sachs and Citadel Securities.
- BitGo manages $90B in assets and has filed for a US public offering.
BitGo has expanded its institutional custody services to include Canton Coin (CC), the native token of the Canton Network. The integration will allow regulated institutions in the United States to securely store and manage CC through BitGo’s qualified custody platform. The move comes as institutional interest in tokenized real-world assets (RWAs) continues to grow and the Canton Network gains traction among major financial firms.
BitGo Adds Custody Support for Canton Coin
Digital asset infrastructure firm BitGo announced on Wednesday that it will now provide custody services for Canton Coin. The integration enables banks, asset managers, and other regulated entities to hold and transact CC tokens while maintaining full compliance with U.S. regulatory standards.
Through BitGo’s cold-storage and insurance-backed custody model, institutions can manage their Canton Coin holdings with added layers of security. The company said the new service aligns with its goal of offering infrastructure designed for large-scale financial institutions seeking safe access to digital assets.
Melvis Langyintuo, executive director of the Canton Foundation, said the move “represents a step toward institutional adoption of CC and support for the broader Canton ecosystem.” The foundation oversees the network’s governance and development, ensuring that its infrastructure remains compliant and interoperable across financial applications.
Canton Network Focuses on Institutional Adoption
The Canton Network aims to bring regulated institutions onchain by enabling tokenized financial assets and secure data exchange between applications. It has been developed with a focus on compliance and interoperability, allowing financial entities to connect and transact within a trusted onchain environment.
Digital Asset, the company behind the Canton Network, has raised $135 million from a consortium of investors, including Goldman Sachs, Citadel Securities, BNP Paribas, and the Depository Trust & Clearing Corporation (DTCC). The capital is being used to expand the network’s capabilities and promote adoption among global financial firms.
The addition of BitGo’s custody services is expected to make the Canton Coin more accessible to institutional investors. It also supports the Canton Network’s broader mission to provide a regulated environment for trading tokenized securities, stablecoins, and other onchain financial products.
Expanding Institutional Access to Digital Assets
BitGo manages about $90 billion in digital assets under custody and continues to broaden its service portfolio for institutional clients. The company’s infrastructure includes cold storage, multi-signature security, and insurance coverage designed for large-scale asset managers and enterprises.
The expansion to support Canton Coin adds to BitGo’s growing list of supported networks as demand for compliant custody solutions rises. The company’s decision aligns with broader market trends where regulated access and tokenization are becoming central to institutional digital asset strategies.
BitGo has also been preparing for a potential public offering in the United States. As reported earlier, the firm has filed for an initial public offering, reflecting its confidence in the long-term growth of institutional crypto adoption.
Canton Coin and the Future of Onchain Finance
Canton Coin functions as the native token powering transactions within the Canton Network. It supports settlement, governance, and utility functions across tokenized assets and financial applications built on the network. With the addition of BitGo’s custody services, the token gains a compliant access point for U.S.-based institutions looking to engage with tokenized finance.
The collaboration between BitGo and the Canton Foundation reflects the ongoing shift toward regulated onchain financial systems. As both entities expand their infrastructure, the integration of Canton Coin custody is expected to support the broader use of blockchain technology in traditional finance.
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