For years, banks and large financial institutions have faced a difficult choice when using blockchain. On one hand, public networks offer transparency but expose sensitive transaction data.
On the other hand, private networks protect privacy but limit interoperability and regulatory clarity. As a result, institutions were forced to compromise. However, that dilemma may now be over.
Fireblocks x Canton Network
Fireblocks, which secures over $5 trillion in digital asset transfers every year, has announced a major integration with the Canton Network.
This partnership allows institutions to settle tokenized assets on a shared network while keeping transaction data private and compliant with regulations.
By combining Canton’s privacy-focused architecture with Fireblocks’ institutional-grade security, banks, custodians, and asset managers can now operate on a public-style network without sacrificing confidentiality or control.
This integration is more than just a technical upgrade. It combines strong security with clear regulatory oversight.
Through Fireblocks Trust Company, a qualified custodian regulated by the New York State Department of Financial Services (NYDFS), institutions can now operate within a well-defined legal and compliance framework, rather than in uncertain regulatory territory.
This setup allows banks and asset managers to move digital assets across platforms smoothly, without exposing sensitive financial data.
Executives weigh in
Remarking on the same, Melvis Langyintuo, Executive Director of the Canton Foundation, said,
Langyintuo added,
In the future, Fireblocks also plans to add full support for more Canton-based tokens and specialized financial applications. This will expand how regulated settlements and asset transfers happen worldwide.
Echoing similar sentiments, Stephen Richardson, Chief Strategy Officer and Head of Banking at Fireblocks, added,
Thus, as tokenized assets and regulated settlements become more common, this milestone marks a clear shift. The industry is moving beyond small pilot projects toward large-scale, real-world adoption.
Market reaction
Yet despite this integration, the market’s reaction shows that digital assets remain volatile. At the time of reporting, Canton Coin (CC) was trading near $0.1763, down 8.59% over 24 hours, per CoinMarketCap.
This decline followed a strong rally earlier in the year, including a 13% jump on 20th January as network liquidity increased.
However, for the thousands of institutions that use Fireblocks, short-term price movements matter far less than long-term infrastructure.
Final Thoughts
- The involvement of NYDFS-regulated custody strengthens legal certainty and reduces compliance risks.
- Short-term token price volatility remains secondary to long-term infrastructure development.
Source: https://ambcrypto.com/how-fireblocks-and-canton-can-change-how-trillions-move-on-blockchain/
