BitGo Extends Canton Network Infrastructure to CIP-56 Token Standard, Adding Qualified Custody for USDCx and cBTC

Key Terms

erc-20 technical

An ERC-20 token is a type of digital asset created to a shared set of technical rules on the Ethereum blockchain, so wallets, exchanges and apps can recognize, send and receive it the same way. Think of it like a common electrical socket that lets many different devices plug in without custom adapters. For investors this matters because the standard boosts ease of trading and integration across platforms, improving liquidity and accessibility while concentrating risks in the token’s smart contract and the Ethereum network.

delivery-vs-payment financial

A delivery-vs-payment arrangement ensures a security (like a stock or bond) is handed over to the buyer only at the exact moment the seller receives the agreed cash, preventing one side from being left unpaid. For investors this reduces the risk of losing cash or securities in a trade—think of it as exchanging a package and payment at the same instant so neither party walks away empty-handed—which helps protect assets and market stability.

kyc regulatory

KYC (Know Your Customer) is the routine of checks and questions that financial firms use to confirm who a client is, understand their financial profile, and spot risky or illegal activity. It matters to investors because it helps prevent fraud and money laundering, ensures companies follow the law, and protects the integrity of markets—think of it like an identity and background check a bank or airport runs before allowing access.

aml regulatory

AML stands for anti-money laundering — the laws, rules and internal checks that banks and businesses use to spot and stop illicit cash flows, such as proceeds from crime or funding of illegal activities. Think of it as a security checkpoint for money: investors care because poor AML controls can lead to heavy fines, frozen assets and reputational harm that hurt profits and share value, while strong controls reduce legal and operational risk.

stablecoin financial

A stablecoin is a type of digital currency designed to keep its value steady, often by being backed by traditional assets like money or commodities. For investors, stablecoins offer a reliable way to move money quickly across digital platforms without the value fluctuations common with other cryptocurrencies, making them useful for saving, trading, or transferring funds with less risk of sudden losses.

wrapped bitcoin financial

Wrapped Bitcoin is a version of Bitcoin converted into a token that can be used on other blockchain platforms, typically kept at a 1:1 value with the original Bitcoin. Think of it like placing cash into a bank-issued card so you can spend it in a different payment network: it lets investors use Bitcoin in decentralized finance services, trading and lending on platforms that don’t natively support Bitcoin, but it also introduces custody and protocol risks because a third party or smart contract must hold or manage the underlying Bitcoin.

NEW YORK--(BUSINESS WIRE)-- BitGo Inc., the digital asset infrastructure company and wholly owned subsidiary of BitGo Holdings, Inc. (“BitGo”) (NYSE: BTGO), today announced support for CIP-56 token standard assets on the Canton Network, including USDCx and cBTC.

The launch expands BitGo’s Canton infrastructure from custody of the network’s native token, Canton Coin, to the broader ecosystem of institutional financial assets built on the CIP-56 token standard.

CIP-56 is Canton’s token standard, comparable to Ethereum’s ERC-20, but designed specifically for regulated financial markets. The standard enables confidential transactions where data is shared only with involved parties, native Delivery-vs-Payment settlement, embedded KYC and AML controls, and deterministic settlement finality within seconds.

With this integration, BitGo clients can custody and manage the two core categories of institutional assets on Canton:

• USDCx: A USDC-backed stablecoin issued via Circle’s xReserve protocol and utilizing Canton’s selective disclosure structure
• cBTC: Wrapped Bitcoin asset enabling BTC liquidity within Canton’s settlement ecosystem

“Canton is rapidly becoming critical infrastructure for institutional digital finance,” said Chen Fang, Chief Revenue Officer at BitGo. “By supporting CIP-56 assets, BitGo provides institutions with the custody layer they need to securely hold and move stablecoins, bitcoin liquidity, and yield-bearing instruments across Canton’s growing financial ecosystem.”

USDCx serves as the settlement currency for many of Canton’s emerging capital markets use cases, including out-of-hours repo settlement and tokenized collateral workflows. cBTC brings bitcoin liquidity into Canton’s programmable settlement layer, allowing institutions to use BTC as collateral or as a settlement asset across applications.

“CIP-56 is the standard that enables interoperability across the Canton ecosystem,” said Melvis Langyintuo, Executive Director & Head of the Canton Foundation. “BitGo’s support for CIP-56 assets strengthens the network’s institutional infrastructure and makes it easier for participants to build applications and financial products on Canton.”

BitGo first launched qualified custody for Canton Coin in October 2025. With today’s announcement, the company has expanded its support to the broader token ecosystem on the network in less than six months.

As institutional adoption of digital assets continues to grow, BitGo plans to continue expanding its Canton infrastructure to support additional tokenized assets, applications, and settlement workflows across the network.

About BitGo

BitGo (NYSE: BTGO) is the digital asset infrastructure company delivering custody, wallets, staking, trading, financing, stablecoins, and settlement services from regulated cold storage. Since 2013, BitGo has focused on accelerating the transition of the financial system to a digital asset economy. BitGo maintains a global presence and multiple regulated entities, including BitGo Bank & Trust, National Association, the first federally chartered digital asset trust bank owned by a publicly traded company. Today, BitGo serves thousands of institutions, including many of the industry's top brands, financial institutions, exchanges, and platforms, and millions of investors worldwide. For more information, visit www.bitgo.com.

About the Canton Network

The Canton Network is the only public, permissionless blockchain purpose-built for institutional finance–uniquely combining privacy, compliance, and scalability. Governed by the Canton Foundation with participation from leading global financial institutions, Canton enables real-time, secure synchronization and settlement across multiple asset classes on a shared, interoperable infrastructure. The open-sourced network is powered by its native token, Canton Coin, and supports decentralized governance and collaborative application development. It’s the proven link between the promise of blockchain and the power of global finance, making finance flow the way it should. Learn more at: canton.network.

Forward-Looking Statements

Certain statements in this press release constitute “forward-looking statements” within the meaning of the federal securities laws. Words such as “may,” “might,” “will,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intend” or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. These forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict, that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the highly volatile nature of digital assets, technical issues in connection with the integration of supported digital assets and changes and upgrades to their underlying network, heightened scrutiny of our industry and operations, the theft, loss, or destruction of private keys required to access any digital assets held in custody for our own account or for our clients, errors in executing client transactions or managing our own trading activities, and the other factors discussed in the Company’s Final Prospectus filed with the U.S. Securities and Exchange Commission (the “SEC”) on January 23, 2026, and its subsequent filings with the SEC, including subsequent periodic reports on Form 10-K, Forms 10-Q and 8-K. Such forward-looking statements are based on facts and conditions as they exist at the time such statements are made and predictions as to future facts and conditions. While the Company believes these forward-looking statements are reasonable, readers of this press release are cautioned not to place undue reliance on any forward-looking statements. The information in this release is provided only as of the date of this release, and the Company does not undertake any obligation to update any forward-looking statement relating to matters discussed in this press release, except as may be required by applicable securities laws.

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Media Contact

press@bitgo.com

Source: BitGo Holdings, Inc.