CBTC: Unlocking BTC Utility in the Canton Ecosystem

Institutions have long recognized Bitcoin’s potential as a reserve asset and collateral. But until now, deploying BTC in regulated capital markets has remained impractical due to limitations in custody, transparency, and compliance infrastructure.

CBTC addresses this gap. Built by BitSafe on the Canton Network, CBTC is a 1:1 Bitcoin-backed asset designed for financial institutions. It combines operational control with privacy, finality, and—importantly—aligned economic participation.

Solving the Institutional BTC Challenge

Conventional BTC bridges are not fit for regulated markets. They depend on centralized custodians, expose flows publicly, and lack settlement guarantees.

CBTC changes that with three key features:

  • Decentralized Custody: BTC is secured without reliance on a single entity.

  • Privacy Between Apps: Transactions are private by default, but audit-accessible.

  • Irreversible: All transactions settle instantly and immutably.

These design choices make CBTC a credible infrastructure layer—not just a wrapped asset.

A Revenue-Sharing Credential Model

CBTC uses Canton's credential-based access system that goes beyond permissioning. Credential holders share in the economic upside of CBTC’s usage.

There are two types:

  • Minter Credential: Enables minting and burning of CBTC. Minters earn a share of protocol and application-level fees.

  • Holder Credential: Allows institutions to use and retain CBTC on Canton. Holder activity also accrues revenue based on transaction volume.

This structure turns CBTC participation into a reward-generating position. Transactions —whether mint/burn, transfer, or application-level flow—contribute to a shared pool distributed to credentialed institutions.

Institutional Use Cases

CBTC will support a range of use cases familiar to capital markets operations:

  • Collateral and Margin Flows: Deploy BTC across bilateral relationships with clear control and reporting.

  • OTC Derivatives: Automate IM/VM movements with audit-ready settlement.

  • Treasury and Repo Operations: Use CBTC in liquidity management and short-term financing without introducing bridging risk.

Each of these workflows benefits from Canton’s synchronized privacy and deterministic finality, making CBTC a practical Bitcoin integration path for financial institutions.

Why Canton

Canton Network is privacy-enabled public blockchain  network designed for regulated finance. With participants including Citi, Bank of America, Goldman Sachs, and Nasdaq, it provides a proven  execution layer for institutional-grade digital assets.

For a deeper look at how CBTC fits into Canton’s roadmap, see the official Canton press release.

Deploying CBTC on Canton ensures compatibility with global financial infrastructure and access to a growing ecosystem of trusted applications.

Digital Asset, the company behind Canton Network, recently announced that it has raised $135 million led by DRW Venture Capital and Tradeweb—and joined by Goldman Sachs, Citadel Securities, BNP Paribas, Circle Ventures— further accelerating Canton’s roadmap and infrastructure roll-out

Access CBTC Early

Early access to CBTC is now open. Institutions may apply for Minter or Holder credentials to begin onboarding. BitSafe provides full integration support.

About Canton Network

The Canton Network is the only public blockchain in the financial industry with on-chain privacy essential to the seamless movement of assets and capital on decentralized open rails. With over $4 trillion in tokenized assets on-chain, its proven institutional-grade scale synchronizes previously siloed systems with the configurable privacy and controls required to unlock asset mobility across TradFi and crypto ecosystems. Launched in July 2024, the public infrastructure is governed by the Global Synchronizer Foundation and supported by the Linux Foundation to ensure organizational neutrality and foster innovation across the ecosystem.

About BitSafe

BitSafe builds secure infrastructure and solutions that enable institutions to put their Bitcoin to work. As the institutional Bitcoin infrastructure protocol, BitSafe bridges the gap between traditional finance and Bitcoin DeFi, providing comprehensive capabilities spanning privacy-enabled transactions, regulatory compliance frameworks, and curated yield strategies. By safeguarding assets with audited technologies and comprehensive risk disclosures, BitSafe ensures informed decision-making while making Bitcoin infrastructure accessible through familiar, institutional-grade approaches.

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