The Canton Network is a public, privacy-enabled blockchain network tailored for institutional finance. It was launched in May 2023 by Digital Asset Holdings. In essence, each participating institution maintains its own portion of the ledger and only sees data it is permissioned to see, yet a shared synchronization layer (the “Global Synchronizer”) ensures all parties work off a consistent, up-to-date view for multi-party transactions.

Project Function

• Privacy and Data Control: A core differentiator of Canton is its privacy-first ledger model. Unlike traditional blockchains that replicate all data to every node, Canton uses a segmented ledger – each node only stores and validates the data for contracts it is involved in
• Interoperability (Network of Networks): Canton’s architecture enables seamless atomic transactions across multiple applications and ledgers. Each application (or subnet) runs independently but connects via the Global Synchronizer for cross-application coordination.
• Scalability and Sovereignty: The Canton Network avoids the throughput bottlenecks of single-chain designs by segmenting both data and computation across applications. Each application subnet can scale out (e.g. add nodes or computing power) to meet its own volume needs without impacting other apps on the network.
• Security and “Proof-of-Stakeholder” Consensus: Rather than open anonymous mining, Canton relies on known, permissioned validator nodes operated by trusted institutions. Transactions are confirmed via a “proof-of-stakeholder” model: all parties to a transaction must cryptographically sign off that they agree with the contract’s terms, and matching hashes across their nodes finalize the deal.

Token Utility 

• Fee Currency: Canton Coin is used to pay transaction fees (called “traffic fees”) for using the Global Synchronizer services.
• Network Incentives: It acts as the reward mechanism to incentivize and compensate participants who add value to the network.
• Optional Application Payments: Beyond core fees, application providers on Canton can choose to denominate their services or fees in Canton Coin.
• Transparency of Activity: Because Canton Coin transactions and reward distributions are recorded on the network (visible to relevant parties), the token also provides useful transparency into network activity.

About The Founders

Yuval Rooz — Co-Founder & CEO: Prior to Co-Founding Digital Asset, Yuval worked in algorithmic trading at Citadel and DRW Trading; managed an algorithmic trading desk and helped launch DRW’s venture capital arm.

Eric Saraniecki — Co-Founder & Head of Network Strategy: Prior to Digital Asset. Eric built a trading desk at DRW Trading specialised in illiquid commodity markets and co-founded a crypto-asset liquidity provider (Cumberland Mining).

Risks of CC

Like an investment in other crypto assets, there are some general risks to investing in CC. These include:  (i) volatility risk and liquidity risk, (ii) short history risk, (iii) demand risk, (iv) forking risk, (v) code defects, (vi) regulatory risk, (vii) electronic trading risk, and (viii) cyber security risk. For additional information of these and other general risks associated with crypto assets and Uphold’s platform, please refer to the Risks Specific to Holding Digital Assets statement.

In addition to these general risks, an investment in CC is subject to the following specific risks:

• CC operates using smart contracts, which have an association with vulnerabilities and security breaches. Despite undergoing successful audits by well-regarded third-party entities, it is essential to acknowledge the existence of inherent risks. 

We emphasize that this Crypto Asset Statement is not an exhaustive description or summary of all risks associated with CC. Investors should conduct their own research and perform their own assessment before trading any crypto asset to determine the appropriate level of risk for their personal circumstances.

The CC community and Canton Network founding team are not under any legal or regulatory obligation to disclose material information to the public regarding its activities. Holders of CC have no recourse to the CC community, Canton Network founding team, or Uphold if CC declines in value for any reason.

Changes to applicable law may adversely affect the use, transfer, exchange, or value of any of your crypto assets, and such changes may be sudden and without notice.

Uphold’s Evaluation Process

Prior to listing CC on the Uphold Platform, Uphold performed due diligence on CC and determined that CC is unlikely to be a security or derivative under relevant securities legislation. Uphold’s analysis including reviewing publicly available information on the following: 

• The creation, governance, usage, and design of CC, including ensuring the source code is open-source, audited and peer reviewed, security, and roadmap for growth in the developer community. 
• The supply, demand, maturity, utility, and liquidity of CC.
• Any marketing materials put forward by the CC social team including on, Twitter, Medium blog, LinkedIn posts, Discord and Telegram channels.
• Material technical risks associated with CC, including any code defects, security breaches and other threats concerning CC and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them.
• Legal and regulatory risks associated with CC, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of CC.