Digital asset infrastructure firm Bitgo has introduced custody for Canton Coin (CC), the native token of blockchain network Canton Network. Bitgo claims in a press release that with the partnership, it has become the first US-based qualified custodian to offer custody for CC.
Institutions are now able to securely hold and manage CC within Bitgo’s custody infrastructure, giving them compliant access to the full range of tokenised assets and stablecoin settlements on Canton Network.
Capabilities already available under Bitgo’s support include custody for CC, self-custody deposits with hot wallets, insurance coverage for large holdings, regulated access, and token standard integration. Upcoming capabilities include withdrawals, stablecoin support, compatibility with Bitgo’s Go Network, as well as trading and liquidity access.
Melvis Langyintuo, executive director of the Canton Foundation describes the partnership as “a significant step towards institutional adoption of CC and support for the broader Canton ecosystem”.
Chen Fang, chief revenue officer of Bitgo, says that the collaboration is a way to provide “institutional-grade security and services for emerging ecosystems”.
