Canton Foundation Grants RedStone 15.8M Canton Coin for Institutional Pricing Standard

The Canton Foundation has approved a grant of nearly 15.8 million Canton Coin (CC) — roughly $1.55 million at current prices — to blockchain oracle provider RedStone, funding an open-source pricing standard designed for institutional use on the Canton Network.

The grant backs development of the Canton Access and Privacy Standard, known as CAPS. Announced Thursday, the framework solves a specific institutional problem: how to value transactions against a shared market price without revealing agreed settlement amounts to the data provider supplying that price.

"By supporting open-source initiatives like CAPS, the Foundation is helping establish a shared privacy and licensing framework that enables multiple data providers to serve the network," Viv Diwakar, head of the Canton Foundation, said in the announcement.

How the pricing standard works

Under CAPS, RedStone will publish a reference price that institutions on Canton can use to calculate transaction values. The design keeps the pricing layer and the licensing layer separate. Institutions get the market data they need. Data providers never see the deal terms attached to it.

That separation matters for banks and asset managers operating on permissioned infrastructure. Confidentiality of bilateral pricing is a regulatory and commercial requirement for many of these firms, not a preference. A standard that any provider can adopt reduces the risk of a single oracle becoming a chokepoint for valuation data across the network.

Initial development will cover three asset classes:

• Tokenized funds
• Private-market assets
• Structured products

The pricing calculations and the licensing module will be released under the Apache 2.0 open-source license. That choice is deliberate. Apache 2.0 lets other data providers adapt and deploy the code, which supports Diwakar's stated goal of enabling multiple providers to serve the network rather than locking pricing infrastructure to one vendor.

What does this change for institutions on Canton?

In practical terms, it standardizes how valuation data enters private transactions. A firm valuing a tokenized fund position or a structured product can pull a reference price, apply its own calculations, and settle confidentially — without negotiating bespoke data agreements for each counterparty relationship. The open-source licensing means the framework can propagate across providers rather than remain a RedStone product.

RedStone is not new to the network. The company has supplied pricing data on Canton since December 2025 and works with ecosystem participants including Temple Digital Group. The grant formalizes and funds a deeper role: building shared infrastructure rather than simply feeding prices into it.

The network behind the grant

The Canton Network disclosed in a May blog post that it has onboarded more than 600 institutions. The list includes Goldman Sachs, DTCC, BNY and Franklin Templeton. The network said it processes roughly $9 trillion in monthly transaction volume.

Those figures explain the Foundation's interest in standardized, privacy-preserving valuation. At that scale, pricing infrastructure is not a peripheral utility. It is core plumbing for institutions that cannot tolerate exposure of settlement terms to third parties.

The CC token, which funds the grant, last traded around $0.0979, with a market capitalization of $3.91 billion and $23.23 million in volume over the past 24 hours, according to Coingecko data.

The grant also lands amid broader activity on Canton. World Liberty Financial recently launched its USD1 stablecoin natively on the network, adding to the asset mix that institutions will need to value.

What comes next

Development work on CAPS will begin with the three initial asset classes, with the pricing calculations and licensing module due for release under Apache 2.0. How quickly other data providers adopt the standard will determine whether CAPS becomes shared network infrastructure or remains a single-vendor tool.