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BitGo Enables Custody for Canton Coin in the United States

BitGo’s new qualified custody service expands secure, regulatory-compliant storage options for institutional investors holding the Canton Network’s native token.

Summary

BitGo has officially announced custody support for the Canton Network’s native token, Canton Coin, providing qualified custody solutions for institutional investors. This service enables secure holding and management of the token under U.S. regulatory compliance, enhancing accessibility for institutions seeking regulated crypto asset storage.

Terms & Concepts
  • Crypto Custody: A service provided by regulated entities to securely hold digital assets on behalf of clients, ensuring compliance with local laws.
  • Canton Coin: The native token of the Canton Network, used within its blockchain ecosystem for transactions and governance.
  • Canton Network: A blockchain platform designed for regulated financial institutions, focusing on compliance and security.