BitGo deepens its Canton Network role with institutional custody and token support

BitGo has established itself as the first U.S.-based qualified custodian to support the Canton Network, a permissioned blockchain designed for institutional finance. Since October 2025, the firm has provided custody for the network's native token, Canton Coin, backed by $250 million in institutional insurance. In March 2026, BitGo expanded its services to include the CIP-56 token standard, enabling support for assets like the USDC-backed stablecoin USDCx and wrapped Bitcoin, cBTC. The integration utilizes MPC TSS custodial wallets to ensure secure, multi-party transaction signing. Furthermore, BitGo introduced electronic trading and settlement capabilities via its Go Network, allowing institutions to manage assets without removing them from custody. By positioning itself as the sole regulated custodian on the network, BitGo acts as a critical infrastructure gatekeeper for institutional participants. This development is significant because it bridges the gap between traditional institutional requirements and the privacy-focused, atomic settlement features of the Canton Network. As major entities like Goldman Sachs and the DTCC engage with the network, BitGo's role facilitates the secure movement and storage of high-value digital assets.