Canton Network to pilot blockchain benefits system across three US states in Q1 2027

Digital Asset, the creator of the Canton Network, and former US House Speaker Paul Ryan’s American Idea Foundation plan to pilot RISE, a Canton-based system for distributing state-administered benefits across three US states in the first quarter of 2027. RISE, short for Resources for Independence, Stability, and Employment, would combine multiple benefits into monthly or twice-monthly payments, adjust benefit levels as household income changes and support identity checks, fraud prevention, mobile access and programmable spending rules. Canton would provide infrastructure for transactions, permissions, benefit rules and oversight, while authorized agencies, nonprofit case managers and independent researchers could access relevant transaction and compliance data. The pilots would measure employment, earnings, benefit use, education, housing stability and other indicators of economic mobility. The participating states and specific programs have not been identified, and the pilots remain subject to federal approval. The initiative would expand Canton’s institutional-finance focus, which includes tokenized government securities. Canton Coin has a market capitalization of about $4.1 billion, ranks 23rd among cryptocurrencies and is up around 10% over the past week, according to CoinGecko.

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