EDX Markets Partners with BitSafe to Launch CBTC Trading, Expanding Institutional Access to Bitcoin on Canton Network
EDX Markets has partnered with BitSafe to launch spot trading for CBTC, a Bitcoin-backed digital asset, on the Canton Network. This integration marks the first time CBTC is available on a centralized exchange, allowing institutional clients to trade the asset against U.S. dollars. CBTC is designed to bring Bitcoin-backed value into the Canton ecosystem, utilizing Chainlink Proof of Reserve to ensure transparency regarding its 1:1 backing. Granite River Trading will serve as the primary liquidity provider to support market depth for the new listing. The partnership includes plans to expand into perpetual contracts and accept Canton Coin as collateral for future trading activities. By providing a regulated venue for these assets, the collaboration aims to bridge the gap between traditional institutional trading infrastructure and emerging blockchain ecosystems. This development is significant for the RWA market as it demonstrates the growing institutional demand for tokenized, transparently backed assets within privacy-enabled, enterprise-grade networks.