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Canton Strategic Holdings First Public Company Using Canton Coin (associated digital token) for Canton Network (blockchain for financial markets)

According to the announcement, Canton Strategic Holdings will leverage Canton Coin (associated digital token) to support the Canton Network (blockchain for financial markets) in digitizing traditional markets via tokenization (on-chain asset representation).

Summary

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Terms & Concepts
  • Tokenization: Converting real-world assets into digital tokens on a blockchain for easier transfer and settlement.
  • Utility token: A digital token used to pay fees or perform functions within a specific network.
  • Blockchain: A distributed ledger that records transactions across a network of computers.