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XRP 
CC Ripple upgrades institutional hosting solution to support Canton Network to expand the Wall Street tokenization market
Ripple has upgraded its institutional hosting solution to version 1.43, officially enabling support for Canton Network. This technological breakthrough allows banks and institutional investors to securely hold Canton Coin (CC) and CIP-56 standard tokens on a single platform. As a leading blockchain company focusing on cross-border payments and digital asset infrastructure, Ripple's move is seen as a strategic move to expand its influence in the fast-growing Wall Street tokenized market.
Cooperation is better than competition: reshaping the tokenization industry landscape
In the competition for tokenization of physical assets, industry participants are gradually shifting from direct confrontation to pragmatic cooperation. Previously, the market had predicted a fierce competitive relationship between Ripple and Canton Network, but the reality is that the two have formed a division of roles with complementary functions. Although some media reported Canton as a potential "XRP killer" at the end of 2025, the two networks have now established their own unique positions in the financial ecosystem.
A long-term challenge in adopting blockchain technology in the traditional financial sector is transparency. Banks are often reluctant to expose sensitive information such as balances and transaction history to competitors. Canton Network, developed by enterprise-level blockchain company Digital Asset, solves this challenge by providing protocol features that focus on privacy protection. In Canton's multi-party transactions, each participant can only view data related to himself or herself.
Noun explanation: Canton Network is a privacy center-based blockchain platform launched by Digital Asset. It is specially designed for financial institutions and aims to achieve the security, confidential settlement and tokenization of financial assets.
Ripple Custody 1.43 provides familiar control mechanisms for enterprise-level environments, including isolated key storage, transaction pre-approval, and multi-step transfer mechanisms, to meet the stringent security requirements of institutional customers.
Major financial institutions embrace private tokenized infrastructure
Canton Network has significant adoption, with a focus far beyond retail digital assets, focusing mainly on institutional applications. Well-known financial institutions such as Goldman Sachs, BNP Paribas and BNY Mellon have begun to use Canton for day-to-day operations. Broadridge's platform processes billions of dollars in repurchase agreements (Repos) every day through Canton, while the Depository Trust and Clearing Corporation (DTCC) uses the network to tokenize U.S. Treasuries.
The integration of the CIP-56 token standard implements a "Delivery-versus-Payment"(DVP)-based settlement model, eliminating the need for external cross-chain bridging and reducing operational risks.
Noun explanation: CIP-56 is a standard of the Canton Improvement Proposal, which regulates token behavior in the atomization, secure settlement and "coupon handling" model within the Canton Network.
Private ledgers like Canton serve as digital notaries for financial institutions, recording ownership rights with enhanced privacy, while public blockchain networks like Ripple continue to focus on cross-border liquidity and value transfer between different systems.
Ripple consolidates its position in the multi-chain era
By extending custody support to the Canton Network, Ripple aims to strengthen relationships with bank partners, minimize the risk of customer churn, and emphasize its key role as an infrastructure provider for Wall Street tokenization projects. Industry observers interpret this development as a sign of market maturity, suggesting that top players are taking advantage of their strengths rather than pursuing direct control of the trajectory of digital assets.
As new tokenization use cases and cooperative infrastructure arrangements continue to emerge, the trend of traditional finance transitioning towards a multi-chain ecosystem is further strengthened.
