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Canton

CC · Field entry
Real-world assetsISO 20022Real-world assetsInfrastructurePrivacy

A privacy-focused network for regulated finance; Canton Coin pays for its shared layer

$0.12751.14%Snapshot · October 4, 2026 · updates live
Market cap
$5.07B
24h volume
$10.02M
Rank
#26
Circulating
39.76B CC
Max supply
No fixed cap
All-time high
$0.1942 February 3, 2026

CC price chart

7-day snapshot. Chart data from CoinGecko.

What is Canton?

The Canton Network is a blockchain network built by Digital Asset for regulated financial institutions, letting them share and settle assets while keeping transaction details private. Canton Coin (CC) pays for use of the network's shared coordination layer, the Global Synchronizer, and rewards the operators and apps that run it.

Utility Lens

What Canton actually does

Lets banks and market infrastructures tokenize and settle assets such as Treasuries and repo trades with privacy, while staying connected to one another.

Real-world usage
growingMajor institutions run live workflows on Canton, though much activity happens privately and is hard to verify independently.
Token necessity
integralTraffic on the Global Synchronizer is paid by burning CC, but institutions can also run private Canton synchronizers that do not require it.
Decentralization
limitedThe Global Synchronizer is run by a permissioned set of super validators, mainly financial and tech firms, under the Canton Foundation.
Track record
developingCanton Coin and the Global Synchronizer launched in 2024 with no major reported incident, building on Digital Asset's longer history with Daml.

How we rate

What it’s used for

Financial firms run applications on Canton for tokenized repo, Treasuries and collateral. Broadridge's Distributed Ledger Repo platform processes large daily repo volumes on Canton, and DTCC announced in December 2025 that it will tokenize DTC-custodied US Treasuries on the network. Canton Coin is burned to pay for traffic on the Global Synchronizer and minted as rewards to validators and app providers.

Role of the CC token:

gaspayments

Evidence of real use

  • The Global Synchronizer and Canton Coin went live on July 1, 2024 after a vote by super validators. Source
  • DTCC and Digital Asset announced in December 2025 a partnership to tokenize DTC-custodied US Treasury securities on Canton. Source
  • Broadridge's DLR platform migrated to Canton in 2023 and processes repo transactions through Canton infrastructure. Source
  • Canton says CC has no hard cap; fees are burned and issuance is designed to settle into a burn-mint equilibrium. Source

ISO 20022: claim vs. reality

What’s documented
We found no ISO 20022 membership or certification for the Canton Network, Digital Asset or the Canton Foundation; none appears on the ISO 20022 Registration Management Group roster. Digital Asset materials discuss connecting Canton settlement workflows to existing ISO 20022 payment messages, and some institutions using Canton (for example DTCC) separately take part in ISO 20022 governance.
What you’ll hear online
Canton Coin is an 'ISO 20022 coin' because big banks and DTCC use the Canton Network.
Reality check
ISO 20022 is a bank messaging standard; it does not certify or endorse any cryptocurrency. Banks using Canton for tokenized assets is documented, but that is not an ISO 20022 endorsement, and those firms' standards work is unrelated to Canton Coin.

ISO 20022, explained

How Canton works

Canton runs smart contracts written in Daml. Unlike most public blockchains, each participant only sees the parts of a transaction it is party to, which lets competing banks share infrastructure without exposing positions or client data. Separate applications, each with their own participants, can still settle with one another atomically. Developers write applications once in Daml and deploy them on any Canton participant node, whether run by a bank, a custodian or a technology provider.

The Global Synchronizer is a shared coordination service that orders and confirms transactions between these applications. It is operated by super validators, and its governance is overseen by the Canton Foundation, set up with the Linux Foundation. Large financial institutions joined the Global Synchronizer Foundation in 2025 to strengthen its governance. Institutions can also run their own private synchronizers, which use the same Canton protocol but do not require Canton Coin.

Canton Coin keeps that shared layer running. Fees are priced in US dollars but paid by burning CC, and new CC is minted to reward super validators, validators and app providers. When usage is high, more CC is burned than minted, and when usage is low, supply expands. Rewards are split between infrastructure operators and the applications that drive real activity, which is meant to tie issuance to usage. Canton Coin was launched without a presale or special founder allocations.

Key moments

  1. 2023Digital Asset and a group of financial institutions announce the Canton Network; Broadridge's repo platform moves onto Canton.
  2. 2024The Global Synchronizer and Canton Coin go live in July.
  3. 2025Major financial institutions join the Global Synchronizer Foundation; DTCC announces tokenized Treasuries on Canton.

Supply

Canton Coin has no hard cap. New CC is minted on a schedule that declines over time, while every transaction on the Global Synchronizer burns CC, so net supply depends on network usage. There was no presale or pre-mine; coins enter circulation as rewards for running and using the network, with super validators (which include Digital Asset) earning a share.

Risks to understand

  • Permissioned control: a limited group of institutions operates and governs the shared layer.
  • Supply uncertainty: without a cap, supply growth depends on whether burning keeps pace with minting.
  • Opacity: privacy features make it harder for outsiders to verify how much real activity drives CC burns.
  • Institutions could favor private synchronizers, reducing demand for the public layer that CC pays for.

Canton FAQ

Who built the Canton Network?

Digital Asset, the company behind the Daml smart-contract language, developed Canton with a group of financial institutions.

Is Canton Coin required to use Canton?

It pays for traffic on the shared Global Synchronizer, but institutions can also run private Canton networks that do not use CC.

Does Canton Coin have a maximum supply?

No. Supply depends on the balance between scheduled minting and coins burned as fees.

Sources

  1. The Canton Network's Global Synchronizer and Canton Coin Go Live — Canton Network
  2. DTCC and Digital Asset Partner to Tokenize DTC-Custodied U.S. Treasury Securities on the Canton Network — DTCC
  3. Canton Coin: How Should We Think about FDV? — Canton Network
  4. Customer Story: Broadridge — Digital Asset
  5. Canton Coin: Rewarding Utility — Canton Network
  6. DvP use-cases: trials and experiments (presentation to ECB NTW-CG) — Digital Asset
  7. World's Largest Financial Institutions Join the Canton Network's Global Synchronizer Foundation — The Linux Foundation
  8. Registration Management Group member list — ISO 20022 Registration Authority

Last reviewed October 4, 2026 by The Crypto Guide editorial team. Utility Lens ratings are editorial judgments, not investment advice. Market data from CoinGecko. Spot an error? Request a correction.