Canton Network tapped for US benefits pilot in 3 states

Digital Asset and the American Idea Foundation have selected Canton Network for a three-state US benefits pilot scheduled to begin in the first quarter of 2027, subject to federal approval. Summary Three US states are expected to begin testing the RISE program in early 2027. RISE would combine separate benefits into monthly or twice-monthly payments. Canton would apply spending rules while limiting access to recipients’ sensitive information. The participating states and benefit programs have not yet been disclosed. Digital Asset and the American Idea Foundation said in a Friday announcement that they will support three states preparing to test the Resources for Independence, Stability, and Employment program, known as RISE. Former US House Speaker Paul Ryan founded the American Idea Foundation, a Wisconsin-based nonprofit focused on economic policy and programs designed to address poverty. Digital Asset created the Canton Network, which will provide the technology used to distribute and monitor benefits during the pilots. Subject to federal approval, the first programs are expected to begin in the first quarter of 2027. Neither organization identified the three states, the federal...