Ripple has released Ripple Custody version 1.43, adding support for the Canton Network and allowing banks and funds to custody native Canton Coin (CC) and CIP-56 tokens within a single secure environment. The update is being framed as a strategic move to strengthen Ripple's role in Wall Street tokenization.
The integration addresses a key obstacle for institutional blockchain adoption: excessive transparency. Canton Network, developed by Digital Asset, solves this at the protocol level by ensuring that in multi-party transactions each participant sees only their own data, rather than exposing balances and transaction details to competitors.
With version 1.43, institutions gain access to Ripple Custody's familiar control environment—including isolated key storage, pre-approvals, and two-step transfers—for Canton's private settlement infrastructure. Canton is already used by Goldman Sachs, BNP Paribas, and BNY Mellon, while Broadridge processes multibillion-dollar repo transactions daily and DTCC tokenizes U.S. Treasuries on the network. The CIP-56 standard enables atomic delivery-versus-payment settlement without vulnerable cross-chain bridges.
The update also dispels a late-2025 narrative that Canton was an "XRP killer." Instead of an all-out battle for banking infrastructure, the market is moving toward a division of labor: Canton acts as a private ledger and digital notary for ownership records, while Ripple and XRP remain a public liquidity bridge for cross-border value movement. By supporting Canton custody, Ripple reduces the risk of losing banking clients and cements its position as a key infrastructure partner in a multichain institutional landscape.
