BitGo expands institutional custody to Canton Network’s native token

BitGo’s new custody support for Canton Coin allows regulated institutions to securely hold the Canton Network’s native token in the United States.

Digital asset infrastructure company BitGo has added support for Canton Coin (CC), the native token of the Canton Network, in a move that could make it easier for US institutions to hold the asset through a qualified custodian.

The companies announced the integration on Wednesday, saying it will give banks and asset managers compliant access to a network already processing significant volumes of tokenized real-world assets (RWAs).

The partnership introduces cold-storage custody and insurance-backed security, and could pave the way for future support of stablecoins, tokenized securities and other onchain financial instruments.

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