NEW YORK — March 25, 2026
Executive Summary
BitGo Inc. has announced the expansion of its Canton Network infrastructure to support CIP-56 token standard assets, including USDCx and cBTC, marking a significant extension of its qualified custody capabilities. The integration enables institutional clients to custody and manage a broader range of tokenized financial assets built on the Canton Network.
This development expands BitGo’s support beyond custody of Canton Coin, the network’s native token, to include tokenized assets aligned with the CIP-56 standard. The rollout began on March 25, 2026, and is designed to support institutional use cases involving stablecoins, bitcoin liquidity, and programmable financial instruments operating within Canton’s ecosystem. According to the company, the integration aligns with ongoing institutional adoption of digital assets and supports expanding access to regulated, interoperable financial infrastructure.
Announcement Overview
BitGo Inc. has formally introduced support for CIP-56 token standard assets on the Canton Network, enabling qualified custody services for institutional-grade digital assets including USDCx and cBTC. The announcement represents an expansion of BitGo’s existing infrastructure on Canton, which previously supported custody of Canton Coin since October 2025.
The CIP-56 token standard serves as Canton’s native tokenization framework and is designed specifically for regulated financial environments. Through this integration, BitGo clients gain access to custody and management capabilities for assets built under this standard, including stablecoins and wrapped bitcoin instruments designed for institutional use cases.
The integration allows BitGo to support two primary categories of assets within the Canton ecosystem:
- Stablecoin-based settlement instruments (USDCx)
- Bitcoin-backed liquidity assets (cBTC)
The company indicated that the rollout expands its ability to support financial institutions participating in tokenized capital markets, programmable settlement workflows, and digital asset-based collateral systems operating on Canton’s infrastructure.
Key Announcement Details
- Announcement Type: Infrastructure expansion and custody integration
- Company: BitGo Inc.
- Corporate Structure: Wholly owned subsidiary of BitGo Holdings, Inc.
- Public Listing Reference: NYSE: BTGO
- Announcement Date: March 25, 2026
- Dateline Location: New York, United States
Network and Technology Scope
- Network: Canton Network
- Token Standard Introduced: CIP-56
- Standard Comparison Reference: Comparable to Ethereum’s ERC-20
- Design Orientation of Standard: Built specifically for regulated financial markets
CIP-56 Functional Capabilities
- Confidential Transaction Capability: Data shared only with involved parties
- Settlement Mechanism: Native Delivery-versus-Payment (DvP)
- Compliance Integration: Embedded KYC controls
- Compliance Integration: Embedded AML controls
- Settlement Characteristic: Deterministic settlement finality
- Settlement Speed: Within seconds
Scope of Infrastructure Expansion
- Previous Capability: Custody support for Canton Coin
- Initial Launch of Canton Coin Custody: October 2025
- Current Expansion: Extension to broader CIP-56 token ecosystem
- Expansion Timeline: Less than six months from initial Canton support
- Expanded Capability: Custody of institutional financial assets on Canton
Assets Now Supported Under CIP-56
USDCx
- Asset Type: Stablecoin
- Backing: USDC-backed
- Issuance Protocol: Circle’s xReserve protocol
- Network Feature Used: Selective disclosure structure
- Primary Role: Settlement currency within Canton ecosystem
- Use Cases Stated in PR:
- Out-of-hours repo settlement
- Tokenized collateral workflows
cBTC
- Asset Type: Wrapped Bitcoin
- Core Function: Enables BTC liquidity within Canton
- Integration Purpose: Participation in programmable settlement ecosystem
- Use Cases Stated in PR:
- BTC as collateral
- BTC as settlement asset across applications
Institutional Capability Enabled
- Core Capability: Custody and management of CIP-56 assets
- Asset Categories Enabled:
- Stablecoins
- Bitcoin liquidity assets
- Yield-bearing instruments (as referenced in executive quote)
- Operational Capability:
- Secure holding of digital assets
- Movement of assets across Canton ecosystem
Strategic and Ecosystem Context
- Canton Network Positioning: Critical infrastructure for institutional digital finance (as stated by BitGo CRO)
- CIP-56 Role: Enables interoperability across the Canton ecosystem (as stated by Canton Foundation)
- Ecosystem Impact:
- Supports application development
- Supports financial product development on Canton
Executive Statements
- BitGo Executive: Chen Fang
- Title: Chief Revenue Officer
- Statement Focus:
- Institutional infrastructure significance of Canton
- Custody layer for stablecoins, bitcoin liquidity, and yield-bearing instruments
- Canton Foundation Executive: Melvis Langyintuo
- Title: Executive Director & Head
- Statement Focus:
- Interoperability enabled by CIP-56
- Strengthening institutional infrastructure
- Enabling application and product development
Canton Network Characteristics
- Network Type: Public, permissionless blockchain
- Primary Design Purpose: Institutional finance
- Core Attributes:
- Privacy
- Compliance
- Scalability
- Governance: Canton Foundation
- Participation: Leading global financial institutions
- Core Functionality:
- Real-time synchronization
- Secure settlement across multiple asset classes
- Shared interoperable infrastructure
- Technology Model: Open-sourced network
- Governance Model: Decentralized governance
- Development Model: Collaborative application development
- Native Token: Canton Coin
BitGo Company Details
- Company Type: Digital asset infrastructure company
- Core Services:
- Custody
- Wallets
- Staking
- Trading
- Financing
- Stablecoins
- Settlement services
- Infrastructure Type: Regulated cold storage
- Founded: 2013
- Strategic Focus: Transition of financial system to digital asset economy
- Regulated Entity: BitGo Bank & Trust, National Association
- Regulatory Status: First federally chartered digital asset trust bank owned by a publicly traded company
- Client Base:
- Thousands of institutions
- Industry brands
- Financial institutions
- Exchanges
- Platforms
- Millions of investors worldwide
Future Direction
- Planned Expansion Areas:
- Additional tokenized assets
- Additional applications
- Additional settlement workflows
- Strategic Driver: Continued institutional adoption of digital assets
Forward-Looking Statements
- Legal Basis: Private Securities Litigation Reform Act framework
- Nature of Statements: Expectations, projections, and plans
- Identifying Language Includes:
- may, might, will, should
- believe, expect, anticipate
- estimate, continue, predict
- forecast, project, plan, intend
Risk Factors Explicitly Listed
- Digital Asset Risk: High volatility
- Technical Risk: Integration issues and network upgrades
- Regulatory Risk: Heightened scrutiny of industry and operations
- Security Risk: Theft, loss, or destruction of private keys
- Operational Risk: Errors in executing client transactions
- Trading Risk: Errors in managing trading activities
- Disclosure Reference: Final Prospectus filed January 23, 2026
- Additional Filings: Form 10-K, 10-Q, 8-K
- Statement Validity: As of release date only
- Update Obligation: None, except as required by law
Expansion of Canton Network Infrastructure
The announcement marks a continuation of BitGo’s infrastructure development on the Canton Network. Initially launched in October 2025 with custody support for Canton Coin, BitGo has now extended its capabilities to include tokenized assets operating under the CIP-56 standard.
This expansion broadens BitGo’s role within the Canton ecosystem by enabling custody services for a wider range of institutional financial instruments. The company’s infrastructure now supports both native network tokens and tokenized assets designed for regulated financial markets.
According to the announcement, this development occurred within a six-month period following the initial launch of Canton Coin custody, indicating a phased expansion of BitGo’s services aligned with the growth of the Canton ecosystem.
Understanding the CIP-56 Token Standard
CIP-56 is identified as the native token standard of the Canton Network and is positioned as comparable to Ethereum’s ERC-20, with specific adaptations for institutional finance environments.
The standard includes the following functional characteristics:
- Confidential Transactions: Data visibility is restricted to involved parties
- Delivery-vs-Payment (DvP) Settlement: Native support for synchronized asset exchange
- Embedded Compliance Controls: Integrated KYC (Know Your Customer) and AML (Anti-Money Laundering) mechanisms
- Deterministic Settlement Finality: Transactions settle within seconds with predictable finality
These features are designed to align tokenized asset operations with regulatory and operational requirements commonly associated with institutional financial systems.
The CIP-56 framework enables interoperability across applications and participants operating within the Canton Network, facilitating coordinated settlement and asset movement across multiple financial workflows.
Asset Coverage: USDCx and cBTC
USDCx
USDCx is a stablecoin backed by USDC and issued via Circle’s xReserve protocol. The asset operates within Canton’s selective disclosure framework, allowing transaction data to be shared only with relevant parties.
USDCx functions as a settlement currency within Canton’s ecosystem and supports several capital market use cases, including:
- Out-of-hours repo settlement
- Tokenized collateral workflows
- Programmable financial transactions
The asset is designed to provide a stable unit of account and medium of exchange within Canton’s institutional financial environment.
cBTC
cBTC is a wrapped bitcoin asset that enables bitcoin liquidity to be utilized within the Canton Network’s settlement infrastructure.
The asset allows institutions to:
- Use BTC as collateral
- Participate in settlement workflows involving bitcoin
- Integrate bitcoin into programmable financial applications
cBTC effectively bridges bitcoin liquidity into Canton’s ecosystem, enabling its use within tokenized financial products and settlement systems.
Strategic Context: Institutional Digital Asset Infrastructure
According to BitGo Inc., the expansion of its Canton infrastructure aligns with the increasing adoption of digital assets by institutional participants.
The company stated that supporting CIP-56 assets allows institutions to:
- Securely custody stablecoins and bitcoin-based assets
- Participate in tokenized financial markets
- Utilize programmable settlement systems
The integration reflects a broader movement toward combining digital asset infrastructure with regulated financial systems, particularly in environments that require compliance controls and deterministic transaction settlement.
BitGo indicated that its infrastructure is designed to provide the custody layer required for institutions to engage with digital asset ecosystems while maintaining operational and regulatory alignment.
Leadership Statements
Chen Fang, Chief Revenue Officer at BitGo Inc., stated:
“Canton is rapidly becoming critical infrastructure for institutional digital finance. By supporting CIP-56 assets, BitGo provides institutions with the custody layer they need to securely hold and move stablecoins, bitcoin liquidity, and yield-bearing instruments across Canton’s growing financial ecosystem.”
Melvis Langyintuo, Executive Director & Head of the Canton Foundation, stated:
“CIP-56 is the standard that enables interoperability across the Canton ecosystem. BitGo’s support for CIP-56 assets strengthens the network’s institutional infrastructure and makes it easier for participants to build applications and financial products on Canton.”
Role of the Canton Network in Institutional Finance
The Canton Network is described as a public, permissionless blockchain designed specifically for institutional finance use cases. The network integrates privacy, compliance, and scalability features to support financial institutions operating within regulated environments.
Key characteristics of the network include:
- Real-time synchronization of financial data
- Secure settlement across multiple asset classes
- Interoperable infrastructure for financial applications
- Decentralized governance model
The network is governed by the Canton Foundation and includes participation from global financial institutions. It is powered by its native token, Canton Coin, and supports open-source development and collaborative application building.
According to the announcement, the network provides a framework for integrating blockchain-based systems with traditional financial processes, enabling coordinated asset movement and settlement across institutions.
BitGo’s Expanding Role in Digital Asset Infrastructure
BitGo Inc. operates as a digital asset infrastructure provider offering a range of services including:
- Custody
- Wallets
- Staking
- Trading
- Financing
- Stablecoins
- Settlement services
The company delivers these services through regulated cold storage systems and maintains a global presence with multiple regulated entities.
One of its key entities, BitGo Bank & Trust, National Association, is identified as the first federally chartered digital asset trust bank owned by a publicly traded company.
Since its founding in 2013, BitGo has focused on supporting the transition of financial systems toward digital asset-based infrastructure. The company serves institutional clients including financial institutions, exchanges, platforms, and other industry participants.
With the addition of CIP-56 asset support, BitGo’s infrastructure now extends further into tokenized financial systems operating on blockchain-based networks.
Future Expansion Plans
According to the announcement, BitGo Inc. plans to continue expanding its infrastructure on the Canton Network.
The company indicated that future developments may include:
- Support for additional tokenized assets
- Expansion of application integrations
- Development of enhanced settlement workflows
These efforts are aligned with the broader growth of institutional participation in digital asset ecosystems and the increasing use of blockchain-based infrastructure in financial markets.
Forward-Looking Statements
This announcement contains forward-looking statements within the meaning of federal securities laws. These statements include expectations, projections, and plans regarding future events, infrastructure expansion, and digital asset adoption.
Forward-looking statements are subject to risks and uncertainties, including:
- Volatility of digital asset markets
- Technical challenges in integrating supported assets
- Regulatory scrutiny and changes
- Security risks such as theft or loss of private keys
- Operational risks in transaction execution
- System and infrastructure reliability
Additional risks are detailed in BitGo Inc.’s filings with the U.S. Securities and Exchange Commission, including its Final Prospectus filed on January 23, 2026, and subsequent reports.
The company stated that forward-looking statements are based on current expectations and does not undertake an obligation to update such statements except as required by law.
About BitGo Inc.
BitGo Inc. (NYSE: BTGO) is a digital asset infrastructure company providing custody, wallets, staking, trading, financing, stablecoins, and settlement services. Founded in 2013, the company focuses on supporting the development of a digital asset economy through regulated infrastructure solutions.
BitGo operates globally and serves thousands of institutional clients, including financial institutions, exchanges, and digital asset platforms. Its services are delivered through regulated cold storage systems and supported by multiple regulated entities.
The company’s infrastructure is designed to enable secure management and movement of digital assets across financial ecosystems.
About the Canton Network
The Canton Network is a public, permissionless blockchain built for institutional finance. It combines privacy, compliance, and scalability to support financial applications and asset settlement across multiple markets.
Governed by the Canton Foundation, the network enables real-time synchronization and settlement of assets while maintaining data confidentiality. It supports decentralized governance and collaborative development through its open-source framework.
The network is powered by Canton Coin and serves as infrastructure for financial institutions seeking to integrate blockchain technology into regulated financial operations.
Media Contact
For additional information, visit bitgo.com.
Source Attribution
Source: Company announcement
