Ripple Custody Newly supports Canton Network assets
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AT A GLANCE
Ripple Custody It is reportedly supported for custody and transfer of Canton assets, with only API connectivity currently available.
Article
Ripple Custody Adds Support for Canton Network Assets
PANews October 8 reported that CoinDesk posted on X that Ripple Custody it has added support for Canton Network, allowing institutions to hold and transfer Canton assets under the same custody platform, policy engine, and audit trail system. The update supports Canton Coin (CC) and CIP-56 tokens, while signing keys remain stored in the client's own HSM or KMS. Currently, only API connectivity is supported.
PANews said that CoinDesk posted on X stating that Ripple Custody it has added support for Canton Network.
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Institutions can hold and transfer Canton assets under the same custody platform, policy engine, and audit trail system.
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Supported assets include Canton Coin (CC) and CIP-56 tokens.
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Signing keys remain stored in the client's own HSM or KMS.
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Currently, only API connectivity is supported.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This update connects Canton-related assets to Ripple Custody. Institutions can use the same custody, policy, and audit systems to manage these assets, but currently they can connect only through API, while signing keys remain stored by the client's own HSM or KMS.
Why it matters to readers
For institutions, this adds a way to centrally hold, transfer, and audit Canton assets while retaining the arrangement under which clients keep their own signing keys.
Ordinary users may not be able to use the service directly, because the original text explicitly targets institutions and currently supports only API connectivity. It remains to be seen whether other connectivity methods will be offered later.
Risks and unknowns
The information comes from PANews' paraphrasing of CoinDesk's post on X; the evidence contains no official announcement from Ripple or Canton Network.
The original text does not specify the exact launch time, supported regions, fees, usage requirements, or actual adoption.
The original text does not state whether or when connectivity methods other than API will be offered.
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Custody platform
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