Canton Network Unveils CIP-56 Token Standard

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