USD1 launches natively on Canton Network for institutional settlement

World Liberty Financial has natively issued its USD1 stablecoin on the Canton Network, giving institutions a dollar settlement asset for tokenized securities and other real-world assets under the network’s privacy and permissioning controls. Native issuance, announced Aug. 25, lets USD1 and a tokenized asset settle in the same synchronized transaction, supporting collateral, institutional lending, issuance, redemptions, financing, and round-the-clock cross-border payments on a network that reports more than $9 trillion in tokenized-asset activity monthly and more than $350 billion in onchain U.S. Treasurys daily. USD1, launched in March 2025 and now about $4.05 billion in market capitalization as the sixth-largest stablecoin per DeFiLlama, is currently issued by BitGo Bank & Trust with fully reserved one-to-one dollar redeemability; World Liberty’s proposed national trust bank received conditional OCC approval on Aug. 14 but still needs final authorization, including at least $20 million in eligible capital, before it can take over issuance and reserve management. CEO Zach Witkoff has attributed USD1’s growth to institutional demand rather than Trump family ties, after a large early use case in which Abu Dhabi-backed MGX settled a $2 billion Binance investment in USD1, even as Democratic lawmakers have scrutinized those connections. Separately, Concrete has opened a whitelisted USD1 RWA vault, and Digital Asset is preparing a Canton-based U.S. benefits pilot with former House Speaker Paul Ryan’s American Idea Foundation for three states in early 2027.

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