Custody
Ripple Custody Integrates Canton Network Support for Institutional Clients
Ripple Custody has announced the integration of the Canton Network into its platform, enabling institutions to hold and transfer Canton assets seamlessly. This update, part of Ripple Custody version 1.43 launched on October 5, 2026, introduces support for Canton Coin (CC), also known as Amulet, along with any CIP-56 tokens issued through the Digital Asset (DA) Registry.
The integration employs a bring-your-own-validator (BYOV) model, allowing clients to connect the custody platform to their own validators while retaining control over their signing keys. This ensures that Ripple does not hold the keys to clients' assets, maintaining a higher level of security.
Additional features in this release include pre-approvals for incoming assets and a two-step transfer process, enhancing transaction oversight. Clients will have a 24-hour window to review and sign prepared transactions before they expire.
Currently, Canton support is available only through the API, which means institutions must have the technical capability to integrate this feature. The lack of direct support for certain advanced functions limits the use cases for Canton assets on the platform, although the integration works with both on-premises and hybrid SaaS environments.
Canton is recognized for its appeal to regulated financial institutions, offering sub-transaction privacy and a unique “network of networks” structure. Major players like Goldman Sachs and BNY Mellon are already utilizing Canton infrastructure for tokenized assets, indicating the growing importance of this blockchain in regulated finance.
FAQ
What is Ripple Custody's latest integration?
Ripple Custody has integrated the Canton Network into its platform, allowing institutions to hold and transfer Canton assets seamlessly.
What assets are supported by the new Ripple Custody update?
The update supports Canton Coin (CC), also known as Amulet, and any CIP-56 tokens issued through the Digital Asset (DA) Registry.
How does the bring-your-own-validator (BYOV) model work?
The BYOV model allows clients to connect the custody platform to their own validators while retaining control over their signing keys, ensuring Ripple does not hold the keys to clients' assets.
What security features are included in the new release?
The release includes pre-approvals for incoming assets and a two-step transfer process, allowing clients a 24-hour window to review and sign prepared transactions before they expire.
Who is currently utilizing the Canton infrastructure?
Major players like Goldman Sachs and BNY Mellon are utilizing Canton infrastructure for tokenized assets, highlighting its importance in regulated finance.