RedStone secures Canton grant for private institutional pricing

RedStone has secured approval for a 15,775,000 Canton Coin grant to develop CAPS, a private institutional pricing standard with a baseline funding value of roughly $1.83 million. Summary Canton’s grant funds a 12-month program, with half the payments tied to demonstrated adoption. CAPS would let institutions share reference prices while keeping negotiated transaction terms private. Zenith and Memora are the first design partners, with integrations still in development. A public standards draft and reference implementation preceded RedStone’s Oct. 29 announcement. RedStone’s Oct. 29 announcement identifies Zenith and Memora as initial design partners for the Canton Access and Privacy Standard, which remains in development. The company dates the unanimous funding decision to Sep. 16 and describes a 12-month delivery program. In its accompanying X post, RedStone illustrates the proposed arrangement through a repo transaction between two banks. An oracle supplies a $100 reference price for collateral, while the banks privately agree to value it at $98. The negotiated figure stays between the counterparties. Two banks settle a repo on @CantonNetwork. RedStone prices the collateral at $1...