BitGo deepens its Canton Network role with institutional custody and token support

BitGo is leaning hard into the Canton Network. The custody firm says it supports private, permissioned ledgers for institutions and describes itself as the only regulated custodian operating on Canton. What BitGo is offering on Canton On October 29, 2025, BitGo became the first US-based qualified custodian to offer custody for Canton Coin (CC), the network’s native token. BitGo backs that custody with up to $250 million in institutional insurance coverage. The firm then widened its offering in March 2026. It added support for the CIP-56 token standard, which covers assets issued on Canton under a shared set of rules. Two tokens stand out in that expansion. One is USDCx, a stablecoin backed by USDC. The other is cBTC, a wrapped version of Bitcoin built to move on Canton. The March update also introduced electronic trading and settlement through BitGo’s Go Network. Institutions holding assets with BitGo can now trade and settle without hauling those assets out of custody first. On the technical side, BitGo has integrated signing support for Canton transactions using its MPC TSS custodial wallets. MPC stands for multi-party computation, and TSS stands for threshold signature scheme. N...