BitGo, a digital asset infrastructure provider, has broadened its support for Canton Coin by adding over-the-counter trading and settlement capabilities to its existing custody offering. The company announced on Monday that it has become one of the first US-based regulated providers to bundle custody, OTC trading, and settlement for Canton Coin within a single platform. The move reflects a wider industry effort to build trading and settlement infrastructure for tokenized financial assets.
BitGo first began supporting Canton Coin in October through custody services, enabling institutions to hold the asset with a qualified custodian. The latest expansion allows clients to trade Canton Coin electronically or through BitGo’s OTC desk, mirroring execution methods used in traditional institutional markets. Settlement is also now available through the network’s infrastructure, permitting counterparties to finalize transactions onchain.
The company describes the expansion as part of a broader strategy to support tokenized finance, a sector attracting growing interest from banks and financial institutions exploring blockchain-based settlement and asset issuance. Similar efforts are underway at other firms, including Fireblocks and JPMorgan, both of which have been developing their own tokenized settlement and payment systems. BitGo’s bundled offering positions it alongside these parallel initiatives in the institutional digital asset space.
Canton Coin is the utility token of the Canton Network, a layer-1 blockchain developed by Digital Asset. The network is built for institutional adoption and incorporates privacy and compliance features suited to regulated use cases. Since late 2025, Canton Coin’s market capitalization has grown to nearly $6 billion, according to CoinMarketCap data, reflecting broader interest in tokenization and permissioned blockchain networks.
The announcement comes as institutional participation in digital asset markets continues to expand, supported by evolving regulatory frameworks and major industry developments. In a report released in December, Coinbase stated that institutional adoption was approaching an inflection point, even amid ongoing market volatility. The exchange cited developing US legislation, including the GENIUS Act on stablecoins and a potential broader crypto market structure bill, as factors that could accelerate institutional involvement.
A separate report published in January by Binance Research reached similar conclusions, finding that institutional capital is playing an increasingly prominent role in digital asset markets. The research noted a shift away from retail-driven trading activity toward more institutionally led participation. Together, these findings underscore the environment in which BitGo’s expanded Canton Coin services are being introduced.
Originally reported by CoinTelegraph.
