BitGo to Support Canton Coin

Digital assets infrastructure provider BitGo has announced it is offering custody support for the Canton Network’s Canton Coin (CC), marking the first time, the firm claims, that institutions can hold and manage CC with a US-based qualified custodian.

The Canton Network allows ecosystem participants to build interoperable, regulated financial applications that connect real-world assets, collateral, and payments across private, composable applications. BitGo says with the integration, clients gain access to qualified custody and wallet services purpose-built for institutions, including regulated, cold-storage custody with institutional oversight; institutional insurance protection from $250 million in insurance coverage and multi-signature protection; self-custody wallets; and streamlined reporting and audit tools to meet regulatory standards.

The firm is expanding its infrastructure to support the full range of Canton Network assets, this will include future capabilities such as withdrawals, token standard integration, stablecoin support, Go Network compatibility, and trading and liquidity access.

“BitGo’s support of the Canton Network will bring qualified custody solutions to our network participants,” says Melvis Langyintuo, executive director of the Canton Foundation. “This represents a significant step toward institutional adoption of CC and support for the broader Canton ecosystem.”