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⛓️ Crypto🟢 BullishImportance 7/10
BitGo Adds CIP-56 Token Standard Support on Canton Network, Enabling Custody for USDCx and cBTC
🤖AI Summary
BitGo has added support for the CIP-56 token standard on Canton Network, enabling custody services for USDCx and cBTC tokens. The CIP-56 standard provides privacy-preserving transfers and atomic settlement designed for regulated financial institutions, with Canton Network now processing over $350 billion in daily on-chain assets.
Key Takeaways
- →BitGo extends Canton Network infrastructure to support CIP-56 token standard for USDCx and cBTC custody.
- →CIP-56 standard offers privacy-preserving transfers and atomic settlement tailored for regulated financial institutions.
- →Canton Network processes over $350 billion in on-chain assets daily, showing rapid institutional adoption.
- →BitGo maintains its position as the largest Bitcoin custodian globally while expanding services.
- →The integration demonstrates growing institutional demand for compliant blockchain infrastructure.
Read Original →via Blockonomi
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