Cryptocurrency infrastructure firm Fireblocks has integrated support for the Canton Network, a privacy-focused blockchain for regulated markets. This allows financial institutions to custody and settle assets, including Canton Coin, using Fireblocks’ platform and trust entity. The move is part of a broader trend of institutional adoption for the network, which has recently seen integrations from firms like BitGo, Franklin Templeton, and the DTCC.
Fireblocks now supports the Canton Network, enabling financial institutions to custody and settle assets on the privacy-enabled blockchain. The integration allows for governed settlement of Canton Coin (CC) through Fireblocks’ platform and its New York Department of Financial Services–chartered trust entity.
Banks, custodians, and asset managers exploring tokenized securities can apply Fireblocks’ enterprise controls. The company also operates a Super Validator on the network, participating directly in transaction validation and governance.
Fireblocks secures more than $5 trillion in digital asset transfers annually. More than 2,400 organizations use its platform, which has facilitated over $10 trillion in total transfers to date.
The Canton Network, developed by Digital Asset, has expanded its institutional integrations. In October, BitGo added support for Canton Coin, enabling US banks to custody the token.
Franklin Templeton connected its Benji tokenization platform to the network in November. This allows tokenized assets, including its onchain US government money market fund, to be used for collateral within Canton’s Global Collateral Network.
The Depository Trust & Clearing Corporation (DTCC) stated in December it plans to mint a subset of US Treasury securities on Canton. More recently, Temple Digital Group launched a private institutional trading platform built on the network.
Canton Coin’s price has risen approximately 31% over the past three months. This increase corresponds with growing network activity, according to CoinGecko data.
