Fireblocks supports the Canton Network blockchain, enabling financial institutions to deposit Canton Coin in a legally compliant environment, serving over 2,400 global clients.
Fireblocks, a leading provider of cryptocurrency asset management solutions, has announced the integration of the Canton Network – a public blockchain specifically designed for regulated financial markets. This move marks a significant step in connecting cryptocurrency infrastructure with the stringent compliance requirements of the traditional financial industry.
The integration allows banks, custodians, and asset management companies to process payments on the Canton Network through Fireblocks' corporate policy system, automated processes, and risk management tools. Specifically, Fireblocks Trust Company – a custodian licensed by the New York State Department of Financial Services – will provide Canton Coin custody services, ensuring an operating environment that meets high standards of fiduciary duty and risk control.
According to Stephen Richardson, Chief Strategy Officer and Head of Banking at Fireblocks, this integration aims to create a unified operating environment for private payment transactions, cross-platform asset flows, and the issuance of regulated digital instruments, including Tokenize securities and digital deposits. This is a key element in enabling traditional financial institutions to access the crypto asset market securely and legally.
Expanding infrastructure to meet organizational needs.
With over 2,400 global organizations using it and a total transaction value exceeding $10 trillion, Fireblocks has proven its leadership position in the cryptocurrency infrastructure sector. The company currently supports 150 public blockchains, including 46 privately integrated blockchains by 2025, reflecting its impressive expansion rate.
To meet the growing demands from global banks, market makers, and service platforms, Fireblocks has upgraded its node architecture with load balancing and automatic failover mechanisms, and implemented transaction self-healing to increase throughput and reduce latency. The company has also launched its own payment network for stablecoins and is preparing to deploy a trading system for institutional investors.
The collaboration between Fireblocks and Canton Network, along with the announced partnership with Chainlink Labs, demonstrates a clear trend: traditional financial institutions are actively seeking blockchain solutions that combine the transparency of distributed technology with a robust regulatory framework.
