BitGo Adds Canton Coin Custody as First US Qualified Provider
BitGo announced custody support for Canton Coin (CC), becoming the first US-based qualified custodian to do so. This service includes regulated cold-storage custody and self-custody wallets, offering $250 million in insurance coverage.
Canton Network Overview
- The Canton Network is a privacy-enabled blockchain for financial markets.
- Canton Coin launched with the Global Synchronizer MainNet in July 2024.
- 22 billion CC are in circulation, used by over 300 network participants.
- Canton Coin is earned through infrastructure contributions, not bought on exchanges.
- The Daml smart contract language enables programmable privacy and scaling.
Future Plans
- BitGo plans to expand its support for Canton Network assets.
- Future features: withdrawal functionality, token standard integration, stablecoin support, and Go Network compatibility.
- Plans include providing trading and liquidity access for Canton Network assets.
BitGo's positioning aims to bridge traditional finance with digital markets, supporting institutional adoption of digital assets.