BitGo’s electronic trading service for Canton Coin (CC) routes settlement between institutional counterparties through its Go Network, keeping that process offchain and separate from transactions recorded on Canton.
Announced March 30, the service added electronic trading to BitGo’s existing over-the-counter CC offering. BitGo said combining trading with settlement could reduce operational work for institutional clients and lower the risk of committing funds before a trade settles. Counterparties can use Go Network for settlement around the clock.
BitGo had built its custody service for the coin first. It launched qualified CC custody Oct. 29, 2025, and stated a $250 million upper limit for insurance against theft or loss of coins held there. That figure is a coverage ceiling; it does not promise $250 million to each client.
On March 25, BitGo expanded custody to assets using Canton’s CIP-56 token standard. Its blog listed USDCx, cBTC and USDXLR as the first supported assets. cBTC represents Bitcoin (BTC) on Canton. The later electronic trading announcement specified CC, distinguishing the coin offered for trading from the assets named in the custody expansion.
To create USDCx on Canton, a decentralized protocol responds to deposits of USD Coin (USDC) into Circle’s xReserve on Ethereum. Those deposits back the Canton token.
Canton gives financial applications a public network with controls over who may see their transaction information. Access rules can vary by application while those applications take part in activity across the wider network. Canton Foundation Executive Director Melvis Langyintuo said CIP-56 enables interoperability across the network.
Other providers had also announced Canton custody services. Zodia Custody disclosed CC custody support July 29, 2025, before BitGo’s launch. Ripple Custody added Canton assets, including CC and eligible CIP-56 tokens, to its institutional platform in October 2026.
