Inside the Canton Network: A Special Insights Report

A network of networks

Developed by Digital Asset, Canton is described as a “network of networks”, a modular blockchain ecosystem where financial institutions can operate independent but interoperable ledgers. Rather than a single global chain, Canton connects sovereign ledgers through a Global Synchronizer that allows atomic transactions between applications, preserving privacy while enabling interoperability at scale. The Global Synchronizer coordinates cross-domain activity using Canton Coin as its utility token. This structure allows regulated financial institutions (e.g., custodians, asset managers, banks) to transact securely without exposing sensitive data across the entire network.

Canton Coin: Aligning incentives across the ecosystem

Canton Coin underpins the network’s economic design, serving as both a transaction medium and an incentive mechanism for participants, such as node operators and application developers..

Unlike pre-mined tokens, CC’s supply expands gradually through scheduled network rewards, distributed to validators, super validators and app developers. The issuance model is designed to evolve as the ecosystem matures, directing rewards toward applications that generate real transaction activity.

Importantly, all network fees are burned, not distributed, linking CC’s value directly to network usage. As activity increases, more tokens are permanently removed from circulation, introducing deflationary pressure and reinforcing the connection between adoption and value creation

Institutional adoption and use cases

Canton’s design has already attracted attention from major financial institutions across custody, tokenization and data services. Participating entities include DTCC, Euroclear, HSBC, Goldman Sachs, BNP Paribas, Circle, FalconX, and BNY, among others

Use cases include:

• Tokenized treasuries and collateral mobility
• Privacy-preserving stablecoin issuance and B2B payments
• On-chain derivatives and settlement workflows
• Data and oracle services for auditability and transparency

These use cases position Canton as a foundational layer for the next generation of institutional digital asset infrastructure.

Dive deeper

The full Canton Analyst Overview includes more details on:

• Canton’s technical architecture and governance
• The tokenomics and issuance schedule of Canton Coin
• Fee structures and recent improvement proposals
• Adoption trends across the institutional ecosystem
  
  

Download the full report to explore how Canton Network is building a compliant, privacy-preserving foundation for the tokenized economy.