Canton Foundation grants RedStone 15.8M Canton Coin for private pricing tool

The oracle provider will build an open-source tool so institutions on Canton can share market prices without revealing their deal terms The Canton Foundation has awarded RedStone a grant of 15.8 million Canton Coin (CC). The money will fund an open-source pricing tool built for institutions on the Canton Network. The pitch is simple to describe and hard to build. Banks want to use the same market prices as everyone else, but they don’t want data providers learning what they’re trading. For an industry that treats its deal terms like family recipes, that is a meaningful ask. What RedStone is building RedStone is an oracle provider. That makes it the courier that carries outside information, such as an asset’s price, onto a blockchain so applications can act on it. The planned tool would give Canton applications access to shared market prices. Those prices feed core financial plumbing: valuing collateral, triggering liquidations and settling trades. The key design goal is that sensitive transaction details stay hidden. Neither outside data providers nor the wider network would see them. RedStone has already laid groundwork for this. It has built Daml-native oracle infrastructure. Dam...