Canton Foundation grants RedStone 15.8M Canton Coin for pricing standard

RedStone’s planned pricing tool will let institutions on Canton use shared market prices without exposing deal terms to data providers.

The Canton Foundation approved almost 15.8 million Canton Coin (worth about $1.55 million at the time of writing) to fund RedStone’s open-source pricing tool for institutions.

The CC token, last trading at roughly $0.0979, has a market cap of $3.91 billion, according to Coingecko data, with $23.23 million in trading the past 24 hours.

The Canton Access and Privacy Standard (CAPS) is designed to let institutions use a shared market price to value transactions without revealing their agreed settlement amounts to data providers, according to Thursday’s announcement shared with Cointelegraph.

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