TL;DR
- Fireblocks Integration: Fireblocks added support for the Canton Network, enabling institutions to custody and settle Canton Coin using its regulated trust entity and enterprise controls.
- Growing Institutional Adoption: BitGo, Franklin Templeton, and DTCC have each expanded their involvement with Canton, connecting custody, tokenization platforms, and plans for minting US Treasury securities.
- Market Momentum: Canton-based applications continue to grow, including a new institutional trading platform, while Canton Coin has risen about 31% over the past three months as network activity increases.
Financial institutions exploring tokenized assets are gaining a new pathway as Fireblocks integrates support for the Canton Network, a privacy-enabled blockchain built for regulated markets. The move gives banks, custodians, and asset managers a way to custody and settle assets on infrastructure designed for governed settlement and strict operational controls.
Fireblocks Expands Institutional Access to Canton Coin
Fireblocks said the integration enables governed settlement of Canton Coin through its platform and its New York Department of Financial Services–chartered trust entity. Institutions can custody Canton Coin while applying Fireblocks’ enterprise policy controls and workflow automation. The company also operates a Super Validator on the network, giving it a direct role in validating transactions and participating in governance.
The company noted that support for more Canton-based tokens and applications will be added over time. Fireblocks secures more than $5 trillion in digital asset transfers annually and has processed over $10 trillion in total transfers, with more than 2,400 organizations using its platform. The integration positions Fireblocks to serve institutions experimenting with tokenized securities, deposits, and other regulated instruments that require private settlement.
Canton Network Adoption Accelerates Across Institutions
The Canton Network, developed by Digital Asset and governed by the Canton Foundation, has seen steady institutional expansion through late 2025 and early 2026. BitGo added support for Canton Coin in October, enabling US banks and asset managers to custody the token through a qualified custodian. A month later, Franklin Templeton connected its Benji tokenization platform to Canton, allowing tokenized assets such as its onchain US government money market fund to be used for collateral and liquidity within Canton’s Global Collateral Network.
Tokenization Momentum Builds With New Market Entrants
In December, the Depository Trust & Clearing Corporation said it plans to mint a subset of US Treasury securities on the Canton Network, with potential expansion to other assets. More recently, Temple Digital Group launched a private institutional trading platform built on Canton, offering continuous trading through a central limit order book with a non-custodial structure. Canton Coin has reflected the network’s rising activity, climbing about 31% over the past three months.
