Canton Weekly Update | September 14-20
1) Kyobo Life and SBI Digital Practice completed a Canton pilot that swapped yen and won test tokens directly, without going through US dollars.
2) A new proposal would make
@Paxos a Canton Super Validator and bring its stablecoin and treasury services to the network. Approval is still pending.
3) Marex was also proposed as a Canton Super Validator, with plans to use the network for institutional trading, settling trades and moving collateral.
4)
@KaikoData's Series B funding reached $110M after an investment led by S&P Global, with the Canton Foundation among the investors.
5)
@temple_ny launched Virtual Orderbooks, letting selected institutions run their own private trading venues on Canton using Temple's trading system.
6)
@WeAreTokenovate tested same day borrowing against securities, with payments settled in USDC backed tokens on Canton. It also joined the Canton Foundation.
7)
@Kiln_finance launched a setup that keeps Canton transactions running if one validator goes offline. Kiln says customers including Ledger are already using it.
8)
@redstone_defi received funding approval to build tools that let Canton apps use price data without exposing private trading activity.
9)
@Kora_Protocol added a way to deposit USDC from Ethereum.
$CC, tokenized gold and tokenized silver can now be traded against USDCx.
10)
@edeldotfinance joined DTC's digital assets working group to give feedback on DTCC's planned tokenization service.
11)
@ZenithFdn also joined DTC's digital assets working group.
12)
@ekidenfi reported over $1M in trading volume across 15,978 trades during its invite only launch. It also cut trading fees and temporarily covered Canton settlement fees.
13)
@cancore_io added a tool for preparing trades through AI assistants such as Claude. Users still review and approve each trade in their wallet.
14)
@intercepta_ now supports Canton transaction monitoring and sanctions checks. Access to private activity still requires permission.
15)
@Cashen_cc joined the Canton Foundation's collateral group, chaired by DTCC. It will work on making collateral easier to move between apps.
16)
@CantonNetwork's Tokenomics Committee approved an interim change to app rewards, removing a cap that reduced rewards when apps settled transactions together.
17) The Canton Summit took place this week, bringing together financial institutions and teams building apps on
@CantonNetwork.