Canton Foundation Grants RedStone 15.8M Canton Coin to Build Institutional Pricing Standard

The Canton Foundation has awarded RedStone a grant of 15.8 million Canton Coin to develop a pricing tool for institutional users of the Canton Network. The tool aims to let institutions access shared market prices without revealing sensitive deal terms to data providers, addressing a key privacy challenge in blockchain-based financial services. RedStone, known for its oracle solutions, will use the grant to create a standardized pricing mechanism that could streamline trading, lending, and settlement across Canton's permissioned ecosystem. This move signals growing investment in privacy-preserving infrastructure as more traditional financial players adopt distributed ledger technology. The grant size underscores the foundation's commitment to building practical, compliant tools for institutional DeFi. As the Canton Network expands, RedStone's pricing standard could become a cornerstone for secure, efficient cross-institution transactions.