Canton Foundation Backs RedStone Pricing Tool With $1.52M in Canton Coin
Key Takeaways
- •The Canton Foundation approved a grant of nearly 15.8 million Canton Coin, worth about $1.55 million at the time of writing, to fund RedStone's open-source pricing tool.
- •The grant supports the Canton Access and Privacy Standard (CAPS), which lets institutions value transactions against a shared published price without revealing privately agreed settlement amounts to data providers.
- •RedStone's initial development will cover pricing for tokenized funds, private-market assets and structured products, with the calculations and licensing module released under the Apache 2.0 license.
- •RedStone has provided pricing data on Canton since December 2025 and works with ecosystem participants including Temple Digital Group.
- •Canton Network has onboarded more than 600 institutions, including Goldman Sachs, DTCC, BNY and Franklin Templeton, and processes around $9 trillion in monthly transaction volume.
The Canton Foundation has approved nearly 15.8 million Canton Coin (CC), worth about $1.55 million at the time of writing, to fund RedStone's open-source pricing tool for institutional users.
According to Coingecko data, the CC token was last trading at roughly $0.0979, giving it a market capitalization of $3.91 billion, with $23.23 million traded over the past 24 hours.
The grant supports the Canton Access and Privacy Standard (CAPS), detailed in a Thursday announcement shared with Cointelegraph. The standard is designed to let institutions value transactions using a shared market price without revealing their privately agreed settlement amounts to data providers. In practice, counterparties can calculate a transaction's worth against a common published price rather than disclosing the specific amounts they agreed to.
"By supporting open-source initiatives like CAPS, the Foundation is helping establish a shared privacy and licensing framework that enables multiple data providers to serve the network," said Viv Diwakar, head of the Canton Foundation.
Under the standard, RedStone will publish a reference price that can be used to calculate transaction values. Initial development will cover pricing for tokenized funds, private-market assets and structured products. The pricing calculations and the licensing module will be released under the Apache 2.0 open-source license, which allows other providers to adapt them. That licensing choice lines up with Diwakar's stated aim of enabling multiple data providers to serve the network.
RedStone has provided pricing data on Canton since December 2025 and works with ecosystem participants including Temple Digital Group, according to the company.
Canton Network is a privacy-enabled public blockchain built on technology developed by financial technology firm Digital Asset and is aimed at institutional finance. In a May blog post, the network said it had onboarded more than 600 institutions, including Goldman Sachs, DTCC, BNY and Franklin Templeton, and was processing around $9 trillion in monthly transaction volume. That footprint gives any network-wide pricing standard a ready institutional audience. Whether additional data providers adopt the Apache 2.0-licensed modules, and how coverage expands beyond the initial asset classes, are the concrete signals to watch as CAPS moves past Thursday's announcement.
