BitGo has announced new custody support for Canton Coin (CC), the native token of the Canton Network, in a move designed to expand regulated institutional access to tokenized finance. The collaboration will allow U.S. institutions to securely store CC through BitGo’s qualified custodial services, offering compliant infrastructure for a rapidly growing ecosystem.
The integration, announced Wednesday, introduces cold-storage custody and insurance-backed protection two key requirements for regulated entities seeking blockchain exposure. It marks a crucial step in enabling banks and asset managers to safely interact with tokenized financial instruments on the Canton Network.
This integration represents a significant step toward institutional adoption of CC and support for the broader Canton ecosystem, the nonprofit entity responsible for the network’s governance and development.
Institutional expansion and regulated adoption
The Canton Network aims to bring regulated institutions onchain, focusing on interoperability between tokenized assets and financial applications while maintaining strict compliance standards.
Its primary backer, Digital Asset, has raised $135 million from a group of leading investors including Goldman Sachs, Citadel Securities, BNP Paribas, and the Depository Trust & Clearing Corporation (DTCC) underscoring deep traditional finance involvement in the network.
BitGo, which currently holds around $90 billion in assets under custody, continues to strengthen its position as a leading institutional custodian. The firm has also filed for an initial public offering (IPO) in the United States, signaling confidence in its growth amid rising demand for regulated digital-asset infrastructure.
Growing institutional participation
Since its launch in 2023, the Canton Network has seen accelerating adoption from both crypto-native and traditional financial institutions.
- P2P.org, a staking infrastructure provider managing over $10 billion in assets, recently joined the ecosystem.
- Major banks including Goldman Sachs, JPMorgan, Bank of America, and Citigroup are already participants in Canton’s onchain initiatives.
- BNP Paribas and HSBC have joined the Canton Foundation to further blockchain adoption tailored to institutional needs.
The growing momentum aligns with the global boom in tokenized real-world assets (RWAs). Industry data shows that the total value of tokenized RWAs excluding stablecoins has surpassed $35 billion, spanning sectors like private credit, U.S. Treasuries, private equity, and equities.
BitGo’s integration of Canton Coin represents a significant step in bridging traditional finance (TradFi) and onchain infrastructure, offering institutional players a compliant path into digital assets.
By combining secure custody, insurance-backed protection, and interoperable tokenization frameworks, BitGo and Canton are laying the groundwork for a future where regulated institutions operate seamlessly within decentralized ecosystems.