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.