Institutional adoption of blockchain infrastructure is accelerating, and the Canton Network has emerged as one of the most important platforms for global finance, now processing over $350bn+ in onchain assets daily.

Today, BitGo is announcing support for CIP-56 token standard assets on Canton, enabling institutions to securely custody and manage USDCx and cBTC through BitGo's platform. With this launch, BitGo expands its Canton infrastructure from native token custody to the full ecosystem of assets built on the network's institutional token standard.

What CIP-56 Means for Institutional Finance

CIP-56 is the token standard that enables interoperability across the Canton Network. Like ERC-20 on Ethereum, CIP-56 defines a common interface through which wallets, custodians, and applications interact with tokenized assets. But CIP-56 has additional advanced features that makes it more tailored for regulated financial institutional needs.

The standard includes several features critical for institutional markets:

  • Privacy-preserving transfers that protect sensitive trading information

  • Atomic Delivery-vs-Payment settlement to mitigate counterparty risk

  • Multi-step transfers enabling admins to control who transfers assets to whom

  • Deterministic finality within seconds

  • Predictable transaction costs for large financial workflows

These features are critical in enabling real-world assets to move compliantly onchain, while still preserving composability across the ecosystem. With support for CIP-56, BitGo can integrate once and provide custody support for the growing range of assets issued on the Canton Network.

Three Strategic Assets Launching with BitGo

BitGo's initial CIP-56 launch supports three assets representing key categories of institutional demand.

USDCx, Privacy-Enabled Dollar Stablecoin

USDCx is a USDC-backed stablecoin issued via Circle's xReserve protocol. It combines the liquidity of USDC with Canton's privacy architecture, allowing institutions to conduct settlements and financial operations without revealing sensitive trading information.

USDCx is already being used in live capital markets workflows, including on-chain repo settlement.

cBTC, Bitcoin Liquidity on Canton

cBTC brings Bitcoin liquidity into Canton's composable financial infrastructure. The asset is fully backed 1:1 by Bitcoin and enables institutions to use BTC for collateral, settlement, and trading across Canton applications.

As the largest custodian of Bitcoin globally, BitGo provides a natural custody home for institutional cBTC users.

Building the Institutional Infrastructure for Canton

BitGo first launched qualified custody for Canton Coin in October 2025, becoming the first U.S. qualified custodian supporting the network. With the addition of CIP-56 asset support just months later, BitGo is continuing to expand its infrastructure to meet the needs of institutions building on Canton.

"Canton is rapidly becoming one of the most important networks for institutional digital finance," said Chen Fang, Chief Revenue Officer at BitGo. "By supporting CIP-56 assets, BitGo provides the custody infrastructure needed for institutions to participate in Canton's growing ecosystem."

"CIP-56 is the standard that enables interoperability across the Canton ecosystem," said Melvis Langyintuo, Executive Director & Head of the Canton Foundation. "BitGo's support for CIP-56 assets strengthens the network's institutional infrastructure and makes it easier for participants to build applications and financial products on Canton."

As more financial institutions, trading venues, and tokenization platforms adopt the network, BitGo will continue expanding support for additional Canton assets and applications.

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About BitGo

BitGo is the digital asset infrastructure company, delivering custody, wallets, staking, trading, financing, and settlement services from regulated cold storage. Since our founding in 2013, we have been focused on accelerating the transition of the financial system to a digital asset economy. With a global presence and multiple regulated entities, BitGo serves thousands of institutions, including many of the industry's top brands, exchanges, and platforms, and millions of retail investors worldwide. For more information, visit www.bitgo.com.

©2026 BitGo, Inc. (collectively with its parent, affiliates, and subsidiaries, “BitGo”). All rights reserved. BitGo Bank & Trust, National Association (“BitGo Bank & Trust”) is a national trust bank chartered and regulated by the Office of the Comptroller of the Currency (OCC). BitGo Bank & Trust is a wholly-owned subsidiary of BitGo Holdings, Inc., a Delaware corporation headquartered in Palo Alto, California. Other BitGo entities include BitGo, Inc. and BitGo Prime LLC, each of which is a separately operated affiliate of BitGo Bank & Trust.

BitGo does not offer legal, tax, accounting, or investment advisory services. The information contained herein is for informational and marketing purposes only and should not be construed as legal, tax, or investment advice. You should consult with your own legal, tax, and investment advisor for questions about your specific circumstances.

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