Canton Foundation grants RedStone 15.8M Canton Coin for pricing standard

The Canton Foundation has approved a grant of approximately 15.8 million Canton Coin, valued at $1.55 million, to fund the development of an open-source pricing tool by oracle provider RedStone. This initiative aims to implement the Canton Access and Privacy Standard (CAPS), which allows financial institutions to utilize shared market prices for valuing transactions without disclosing sensitive deal terms to data providers. By leveraging this privacy-preserving framework, the network seeks to standardize valuation for tokenized funds, private-market assets, and complex structured products. The resulting pricing and licensing modules will be released under an Apache 2.0 license to encourage broader ecosystem adoption and interoperability. This development is significant for the RWA market as it addresses the critical need for institutional-grade data privacy in decentralized finance. With over 600 institutions already onboarded to the Canton Network, including major players like Goldman Sachs and the DTCC, this tool provides a necessary infrastructure layer for scaling high-volume tokenized asset trading. The collaboration underscores a growing industry focus on balancing transparency in pricing with the strict confidentiality requirements of traditional financial markets.