Canton Foundation Grants RedStone 15.8M Canton Coin for Institutional Pricing Tool

The Canton Foundation has approved a grant of nearly 15.8 million $CC tokens, valued at approximately $1.55 million, to fund oracle provider RedStone's development of an open-source institutional pricing mechanism ¹. At the time of writing, $CC traded near $0.0979 with a reported market capitalization of $3.91 billion ¹.

The funding supports the Canton Access and Privacy Standard (CAPS), a framework intended to allow financial institutions to value transactions using a common reference price while keeping final settlement figures shielded from external data vendors ¹. RedStone will publish reference prices for transaction valuation, focusing initially on structured products, private-market assets, and tokenized funds ¹. The tooling and accompanying licensing architecture will be distributed under the Apache 2.0 open-source license, permitting adaptation by competing oracle providers ¹.

Institutional Data Privacy

RedStone has delivered pricing feeds on the Canton Network since December 2025, collaborating with network participants such as Temple Digital Group ¹. The initiative targets institutional confidentiality requirements by establishing shared privacy protocols rather than single-vendor dependency, according to Canton Foundation head Viv Diwakar ¹.

Canton Network previously reported onboarding over 600 institutions, including Franklin Templeton, BNY, Goldman Sachs, and DTCC, alongside handling roughly $9 trillion in monthly transaction clearing volume ¹. The CAPS mechanism is designed to support multi-provider data ingestion while preserving confidentiality across institutional pipelines ¹.