Canton (Canton Network) (CC) is the native token of Canton Network, a Layer-1 blockchain built on the Daml smart-contract language using a permissioned "Global Synchronizer" architecture designed for institutional finance. Canton Network was created by Digital Asset, a fintech infrastructure company founded in 2014, and launched its MainNet with Canton Coin in 2024.
As of 2026-08-31, CC trades at $0.11959, with a circulating supply of approximately 39.46 billion tokens and a market capitalization of roughly $4.57 billion. The network enables privacy-preserving, atomic, cross-application transactions among regulated financial institutions.
Canton Network differentiates itself from most Layer-1s by targeting regulated institutional finance rather than open DeFi, combining transaction privacy with network-wide atomic settlement across independently governed applications.
Its value proposition is reinforced by growing institutional integration, including major financial infrastructure providers building settlement, repo, and stablecoin functionality on the network, and reported on-chain real-world-asset value surpassing $20 billion around mid-2026, per network participant figures.
Canton Coin (CC) functions as a utility token within the Global Synchronizer, with governance rights concentrated among network operators rather than open to all holders. Participants pay sequencer fees in CC, which are permanently burned, while validators and application providers receive newly minted CC roughly every ten minutes as rewards.
Circulating supply is approximately 39.46 billion CC, with a market capitalization near $4.57 billion as of 2026-08-31. Fully diluted valuation is effectively equal to market cap, since almost all issuable supply to date is already circulating.
Canton Coin and the Global Synchronizer MainNet launched in mid-2024 under a fair-launch model, with no pre-mine and no public ICO or private token sale.
Canton Coin runs natively on Canton Network, its own Layer-1 blockchain rather than an EVM or Solana chain, built on the Daml smart-contract language in a "Global Synchronizer" architecture. Transaction validation and network coordination are performed by Super Validators, a curated set of institutional node operators whose participation requires Canton Foundation approval rather than open, permissionless entry.
This permissioned-validator design supports privacy-preserving, atomic transactions across independently operated applications sharing the same network.
Canton Network was created by Digital Asset (Digital Asset Holdings), a fintech infrastructure company founded in 2014 that also developed the Daml smart-contract language underpinning Canton's architecture. Digital Asset's CEO is Yuval Rooz.
Digital Asset (Digital Asset Holdings), a private fintech company, develops and maintains Canton Network's core technology. Day-to-day governance of the shared Global Synchronizer layer is coordinated separately by the Canton Foundation, formed in partnership with the Linux Foundation.
Digital Asset raised $355 million in a Series F round at a $2 billion company valuation, led by a16z crypto, with participation from Citadel Securities, HSBC, BNP Paribas, Coinbase, S&P Global, SBI Group, Apollo Funds, and Tradeweb, reflecting continued institutional backing of its development.
Canton Network's Global Synchronizer is governed through an on-chain governance application in which Super Validators vote on code changes and network policy. The Canton Foundation, formerly the Global Synchronizer Foundation and formed in partnership with the Linux Foundation, coordinates this process, provides transparency into Super Validator operations, and itself runs a Super Validator node voting on behalf of its members.
Super Validator status is granted only by Canton Foundation invitation and approval, so governance sits with a curated set of institutional operators rather than open community voting. Multiple major financial institutions have joined the Foundation.
Security-audit coverage for Canton Network's core protocol is partial rather than comprehensive. CertiK has been assessing Daml smart contracts covering "xReserve" deposit/withdrawal and USDCx lifecycle functionality, with results described as not yet published, and Hacken is cited as an auditing provider for the network. No comprehensive, dated audit report covering the full core protocol has been published.
Governance is permissioned: Super Validators, who validate all CC transfers, are approved only by Canton Foundation invitation, concentrating network security responsibility among a curated set of institutional operators rather than open validators.