Fireblocks links with Canton Network to enable private, regulated settlement for US institutions

Fireblocks announced integration with the Canton Network, allowing institutional clients to custody and settle Canton Coin through its New York-chartered trust. The connection embeds an enterprise custody layer and workflow controls into a permissioned, privacy-oriented ledger that targets regulated market use cases. Clients such as banks, custodians and asset managers can apply existing automated policies while moving assets on Canton, reducing the gap between traditional controls and onchain settlement. Fireblocks also operates a Super Validator on the network, which places it directly into validation and governance operations rather than serving purely as a passive custodian. This aligns with a broader trend of incumbents building end-to-end rails for tokenized securities, where custody, settlement and governance converge. Recent institutional integrations with Canton — from custody providers to asset managers and post-trade utilities — have made the network a clearer option for tokenized deposits, collateral and government securities experiments. Market data suggests the network’s native token has appreciated significantly over the last quarter, a reflection of growing activity and institutional interest. For Fireblocks, the deal expands its roadmap into privacy-enabled regulated settlement and gives clients a managed path to trial tokenized instruments without sacrificing enterprise controls. For Canton, onboarding a major custody provider improves interoperability with conservative participants and strengthens the network’s credibility for regulated issuance. Key challenges remain around scalability, cross-system interoperability and preserving auditability while maintaining privacy guarantees. The governance concentration that can arise when a handful of entities validate transactions also merits scrutiny from compliance and risk teams. If adoption continues, additional Canton-based tokens and applications will likely follow, increasing the network’s utility but also its operational surface area. The integration represents a pragmatic step toward institutional tokenization that will be judged by uptake from regulated banks and the quality of integration with legacy clearing and settlement systems.