The Canton Foundation has approved a grant of nearly 15.8 million Canton Coin (CC) — worth approximately $1.55 million according to the initial announcement, with RedStone placing the baseline funding value at roughly $1.83 million — to fund a privacy-preserving pricing standard for institutional users of the Canton Network. The project, called the Canton Access and Privacy Standard (CAPS), will let financial institutions use shared reference prices to value transactions without exposing the commercial terms agreed between counterparties to data providers.
According to RedStone’s Oct. 29 announcement, the funding decision was made unanimously on Sep. 16 and covers a 12-month delivery program, with half of the payments tied to demonstrated adoption. The public grant record lists eight milestones, splitting payment equally between engineering work and network adoption. By month six, one milestone requires at least 20 active Zenith mainnet feeds and 10,000 successful price updates over 30 consecutive days. A month-eight target requires more than $1 million in liquidity bridged through Memora from Solana, Stellar, or Base, with at least 100 distinct bridging events. Final acceptance includes an external security audit, remediation, and institutional usage evidence.
RedStone framed the arrangement with a repo example: an oracle supplies a $100 reference price for collateral, while two banks privately agree to value it at $98. Only the two banks know the negotiated figure. The open-source CAPS design separates the oracle’s reference price from the private terms used by institutions, so providers do not learn positions or settlement amounts.
A draft standard appeared in Canton’s public repository on Oct. 26 under the alias cip-redstone-caps. The code will be released under Apache 2.0, while the proposal text uses CC0-1.0. The implementation builds on the Canton Data Standard’s PublishedDataPoint interface, with data arriving in numbered rounds and licensed distributors able to restrict capsules to their own clients.
Canton Coin is trading around $0.0979, with a market capitalization near $3.91 billion and 24-hour volume of about $23.23 million, according to CoinGecko. Canton Network has onboarded more than 600 institutions, including Goldman Sachs, DTCC, BNY, and Franklin Templeton, and reported roughly $9 trillion in monthly transaction volume. RedStone has been providing pricing data on the network since December 2025 and named Zenith and Memora as initial design partners, while Temple Digital Group plans to test the framework during rollout.
DTCC also launched its tokenization service on Oct. 28, with Canton and its private Besu network among the initial integrations. The announcement names 20 DTC participants that signed access agreements, including Bank of America, JPMorgan, Fidelity Investments, and State Street, with DTC holding more than $114 trillion in custody.
