Canton Network Unveils CIP-56 Token Standard
Résumé
The Canton Network has unveiled its new CIP-56 Token Standard, designed specifically for regulated institutions and real-world assets requiring privacy and permissions. This standard defines secure token movement within the ecosystem, enabling compliant transfers with features like privacy-preserving balances and native atomic Delivery-vs-Payment settlement. CIP-56 is already powering significant milestones, such as Tradeweb's first real-time, on-chain financing of U.S. Treasuries against USDC....
Canton’s CIP-56 Token Standard
Today, Canton underpins over $280B in average daily on-chain repo transactions and $6T in real-world assets.
So what makes this possible?
Introducing CIP-56
CIP-56 defines how tokens move securely between participants in the Canton ecosystem.
Think of it like ERC-20, but designed for regulated institutions and real-world assets that require privacy, permissions, and precision.
Why CIP-56 Matters
CIP-56 enables assets to move compliantly and efficiently on-chain through:
- Privacy-preserving balances and transfers
- Sender and receiver permissions
- Native atomic Delivery-vs-Payment settlement
These features make Canton the foundation for institutional-grade digital asset movement.
In Action: Tradeweb’s Milestone
Using CIP-56, Tradeweb executed the first real-time, fully on-chain financing of U.S. Treasuries (UST) against USDC.
A landmark step toward 24/7 financing workflows.
The Bigger Picture
CIP-56 powers the interoperable movement of digital assets across the entire Canton ecosystem.
Learn more about how it works:
https://www.canton.network/blog/what-is-cip-56-a-guide-to-cantons-token-standard @Announcements @Product Updates @Dev Announcements
