The Canton Foundation has approved a grant of approximately 15.8 million Canton Coin (CC), valued at about $1.55 million, to fund RedStone’s development of an open-source pricing tool for institutional use. The initiative supports the Canton Access and Privacy Standard (CAPS), which enables institutions to utilize shared market prices for transaction valuation without disclosing specific settlement amounts to data providers. Viv Diwakar, head of the Canton Foundation, stated that supporting such open-source initiatives helps establish a framework allowing multiple data providers to serve the network.
Under the CAPS standard, RedStone will publish reference prices used to calculate transaction values. Initial development focuses on pricing for tokenized funds, private-market assets, and structured products. The associated pricing calculations and licensing module will be released under the Apache 2.0 license, permitting other providers to adapt the technology. RedStone has provided pricing data on the Canton Network since December 2025 and collaborates with ecosystem participants such as Temple Digital Group.
This funding occurs within a broader context of institutional adoption on the Canton Network. In May, the network reported onboarding more than 600 institutions, including Goldman Sachs, DTCC, BNY, and Franklin Templeton, while processing approximately $9 trillion in monthly transaction volume. At the time of the announcement, CC traded at roughly $0.0979 with a market cap of $3.91 billion.
The Canton Foundation’s decision to subsidize RedStone’s open-source pricing infrastructure signals a strategic move to standardize data access while preserving transactional privacy for high-volume institutional users. By releasing the pricing logic under the Apache 2.0 license, the Foundation aims to prevent vendor lock-in and encourage a competitive ecosystem where multiple oracle providers can integrate seamlessly with the Canton Access and Privacy Standard. This approach addresses a critical friction point for institutions: the need for accurate, shared market valuations without exposing sensitive settlement details to third-party data aggregators.
From a Market Structure perspective, this development reinforces the Canton Network’s positioning as a privacy-first blockchain tailored for traditional finance entities. With over 600 institutions already onboarded and trillions in monthly volume, the reliability of pricing oracles becomes a systemic risk factor if centralized or opaque. Supporting open-source tools mitigates this risk by ensuring transparency and auditability in how reference prices are derived. However, the effectiveness of CAPS depends on widespread adoption among these institutional players; if major entities continue to rely on proprietary internal pricing models, the standardized open-source solution may struggle to achieve the liquidity depth required for robust price discovery across diverse asset classes like tokenized funds and structured products.
