BitSafe

June was the month Canton's institutional pull showed up in hard numbers. A $355M raise, record network fees, and CBTC's making its first steps to being listed on a CEX. The June issue of Top Stories on Canton is now out. It covers what moved across the ecosystem and why you should take note. A few of the headlines 👇 - Digital Asset raised $355M to accelerate Canton's role as on-chain infrastructure for capital markets - Canton topped every blockchain in trailing 30-day network fees, ahead of Tron and Ethereum - CBTC's first centralized exchange listing is coming to EDX, the institution-only venue backed by Citadel Securities, Fidelity, and Charles Schwab The full stories, plus the June CBTC numbers, are in the newsletter. Read the issue and subscribe to get the next one straight to your inbox 👇

Great to see Term Prime bringing fixed term and fixed rate financing on the Canton Network. Excited for the future 🤝

Chainlink’s institutional oracle infrastructure helped markets verify the reserves behind an asset. Today, with Chainlink Labs and Canton Network, T-RIZE GROUP CORPORATION extends that same verification logic to what protects the asset, introducing onchain proof of insurance for tokenized private credit, beginning with the Kairos Digital Loan Notes programme. This is live and already operational across our private credit offering in the U.S. and Europe. This first-of-its-kind application of institutional oracle infrastructure on Canton creates a verification layer where authorized participants, including institutional allocators, public-sector and government-backed programmes, auditors, and regulators, can independently validate the insurance coverage data tied to a tokenized asset without relying on a counterparty’s word. The significance is structural. If Proof of Reserve verifies that an asset is backed, Proof of Insurance verifies that it is protected. Both are prerequisites for institutional and public capital to move onchain at scale. With Chainlink infrastructure, coverage records are structured, anchored, and independently verifiable, replacing paper-based processes, bilateral confirmations, and fragmented documentation with a single source of verifiable truth. T-RIZE is the structural layer bringing this to production. We onboard assets, institutions, and now public-sector issuers into verifiable-data frameworks on Canton, handling issuance, administration, governance, and integration end to end. Private credit is only the beginning. The same logic extends across insurance-linked structures, reinsurance-backed products, collateralized assets, structured finance, real estate, and government and public-sector programmes. Any market where trust depends on verified data, enforceable controls, and auditable records. Canton provides the institutional network layer. Chainlink provides the verifiable data infrastructure. T-RIZE delivers the issuance, administration, governance, and integration layer that connects them. This is the infrastructure institutional and public digital markets have been waiting for. Read the full announcement: https://lnkd.in/gj--XhfZ #Tokenization #RWA #Chainlink #CantonNetwork #PrivateCredit #DigitalAssets 

Compliance coverage is often the quiet gate between an institution's Bitcoin mandate and a live position on Canton. That gate just opened. Chainalysis, one of the most widely used blockchain analytics providers in the market, now covers Canton Network and CBTC. For institutions and exchanges evaluating Canton-based Bitcoin, it means the monitoring and screening workflows they already run can extend to CBTC the same way they cover Bitcoin on other networks. The asset has been live and decentralized for a while. Now the tooling institutions depend on reaches it too. CBTC is wrapped Bitcoin on Canton Network, backed 1:1 and secured by FROST threshold signatures across independent operators, with privacy enabled at the architecture level. Analytics coverage now sits alongside that, giving transparency where regulators and counterparties need it without exposing strategy to the market. Coverage like this compounds across the ecosystem. Every desk and venue on Canton weighing CBTC now starts from the same baseline. If you're evaluating Bitcoin on Canton, this is a good moment to talk. 👇

Canton Network was built for institutional assets, and the builder opportunity is growing fast. A key design detail on Canton is that a party holds assets and authority, not the smart contract. That gives applications strong control and privacy boundaries. It also means that how you operate and govern that party matters from day one. Many applications start with a party hosted on a single operator. It is the simplest way to ship. As an application grows, teams often want a more resilient operating model where control is distributed across independent operators under a threshold. That is where a Decentralized Party comes in: Canton's native pattern for distributing a party’s custody and governance across multiple independent operators. No single operator holds unilateral control, and operators can rotate in and out without exposing key material. The hard part has traditionally been the operational work to stand this up and keep it running well. That is what Decentralization Manager is for. Decentralization Manager is BitSafe’s open-source framework (Apache 2.0) for creating and managing Decentralized Parties and shipping governed applications on Canton. You can run it self-hosted, and it includes the Admin UI as part of the package. What's In The Framework? - Generalized Governance Core: propose, confirm, execute flows for sensitive actions, with a full audit trail - Token Management Plugin: governed issuance workflows - Custody Plugin: governed custody patterns like threshold-confirmed actions, pre-approvals, and key rotation - Plus support for custom plugins when nothing prebuilt fits CBTC is the production proof that this architecture works on Canton Mainnet today: a Decentralized Party governs custody and admin operations. The same decentralization layer is now available for other builders to ship on. 👇

Digital Asset has raised $355 million in a funding round led by a16z crypto, with participation from ABN AMRO Bank N.V., Apollo Capital Management, BNP Paribas, Broadridge, Citadel Securities, CME Group, Coinbase Ventures, HSBC, Optiver, S&P Global, SBI Group, Tradeweb, and others across traditional and decentralized finance. The funding will support DA's next phase of growth as more institutions bring assets, applications, and regulated workflows onto Canton Network. DA plans to expand offerings across the Canton ecosystem, deepen engagement with developers and financial institutions, and support continued network growth. The round marks the start of a partnership with a16z crypto, giving DA access to a16z crypto's expertise across company building, crypto, policy, and research as Canton scales. "For capital markets to move onchain, institutions need infrastructure that reflects how they actually operate, with privacy, compliance, scale, and interoperability built in from the start," said Yuval Rooz, Co-Founder and CEO of Digital Asset. "This investment brings additional expertise, reach, and ecosystem support at an important moment for both Digital Asset and Canton's growth." Read the full PR: https://lnkd.in/gCjptN-n

The Canton Network's first non-native asset already trades across 5+ venues. The CBTC apps we're most interested in still don't exist. So we're backing a build challenge to change that. HackCanton Season 2 is an online build program for teams building on Canton, run by AppsFactory. Inside it, there's an open challenge: build something useful on CBTC. A few directions to start from: - An automated market maker for CBTC pairs - A DEX or order book for CBTC trading - A market-making bot or liquidity router - An AI trading agent or autonomous market maker CBTC is the first programmable Bitcoin-backed asset on Canton, so it can plug into AMMs, DEXs, lending markets, and AI trading agents that don't exist anywhere else in the Bitcoin world. AI plus CBTC is wide open: agentic AMMs, autonomous market makers, AI-driven liquidity strategies, copilots for traders. The prize pool is 50,000 CC, split across the top three teams (30k / 15k / 5k). BitSafe is running a live technical kickoff on CBTC and its integration paths, then mentoring teams through the build window. It's online. The opening ceremony is June 12 at 15:00 UTC, and registration stays open until then. CBTC is the production proof that the infrastructure works. What builders ship on top of it is how the ecosystem compounds. If you were building on Canton this month, what would you ship on CBTC first? Registration link in comments

Four independent operators govern CBTC on Canton. Almost none of them sign the governance actions that happen every day. This could sound like a security issue. It's actually the most reusable pattern we run in production. Here's what's going on. cbtc-network, the party that governs CBTC, is operated by four independent organizations. Anything the party submits on its own behalf needs 2-of-4 of their signing keys. So you'd expect every governance action to drag all four back to their keys. It doesn't. The governance contract was signed into existence once, with the party as a signatory. That was the only moment all four had to sign. From then on, the ledger holds that consent. Members exercise governance choices against it without producing a single new signature. On-chain indirection: consent given once, enforced on every transaction after. What keeps enforcing it is the hosting quorum. 2-of-4 of the party's nodes have to confirm every transaction. The signing keys can sit in cold storage. The hosts cannot. The lesson for anyone building on Canton: a signatory-based contract plus a decentralized hosting quorum is a complete authorization model. Design both in from the start, or retrofit them painfully later. How are you handling multi-party authorization on your Canton app today?

If you operate on Canton and you'll be in New York on June 9, there's one room worth your morning. ☕ We're co-hosting Canton Café, a private reception for the operators and institutions building on Canton Network. No booths, no panels. Just coffee and direct conversations about running real assets on Canton with privacy built in, with the people actually building them. The BitSafe team will be there with our co-hosts from Canton Network and Noves. Want in? Request an invite (approval required, business email needed): https://luma.com/h5rq751l Building or operating on Canton? What's the one question you'd want answered over coffee?

Thanks to the CatalyX by IntellectEU team for this great spotlight 🔥 Here are some of the key points Kadeem Clarke and Bohdan Ivanov dig into: ▪️ Why Canton Network turned out to be the right home for institutional Bitcoin: privacy at the architectural layer, an operator set built for institutional participation, and a stack that maps cleanly to existing custody workflows. ▪️ The Decentralized Party model underneath CBTC: FROST threshold signatures distributed across independent node operators, with no single party able to move funds alone. ▪️ Decentralization Manager as the next step: our open-source framework, contributed to by the Canton Foundation, that packages this same infrastructure for any builder on Canton. Hit play 👇