Ripple Custody Adds Canton Network Support, Bringing CC and CIP-56 Into One Vault
RWA Signal Insight
InfrastructureRipple has launched version 1.43 of its institutional custody platform, introducing native support for the Canton Network, including Canton Coin (CC) and assets utilizing the CIP-56 token standard. This integration allows financial institutions to manage tokenized assets alongside traditional digital assets within a single, unified custody vault. By embedding Canton Network support directly into its infrastructure, Ripple enables banks and asset managers to apply consistent policy controls and audit trails across diverse blockchain environments. The update also introduces advanced institutional workflows, such as transfer pre-approvals and two-step transfer mechanisms, which are essential for meeting strict regulatory compliance requirements. Crucially, the architecture allows institutions to maintain control over their own validator operations while leveraging Ripple’s secure signing keys. This development marks a significant expansion of Ripple’s multichain strategy, moving beyond retail-focused cryptocurrency services toward enterprise-grade financial market infrastructure. By streamlining the management of tokenized securities and repo markets, Ripple is positioning its platform as a central hub for regulated financial institutions operating on private, permissioned networks.
Key points
- Ripple Custody 1.43 adds native support for Canton Network, CC, and CIP-56 tokens.
- New features include transfer pre-approvals and two-step transfers for enhanced institutional compliance.
- Institutions retain control over validator operations while using Ripple’s secure custody vault.
- Integration supports hybrid SaaS and on-premises deployment models for regulated financial entities.
Background
The Canton Network is a privacy-enabled, interoperable blockchain network specifically designed for institutional financial markets, enabling the tokenization of assets and complex financial workflows. It utilizes the Daml smart contract language to ensure that data is shared only between authorized parties, facilitating secure settlement and repo market operations. Ripple Custody provides enterprise-grade digital asset management, offering secure storage, policy enforcement, and operational tools for financial institutions.